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(a) Describe the different types of inflation in a country.
(b) Describe the trade-off between inflation and unemployment, using appropriate diagrams.
(c) Mauritius has been facing high rates of unemployment during the last few years.
i ) What reasons could explain such a surge in the unemployment rate?
ii ) Describe the measures that the government has taken to curb the unemployment problem.
A firm has two plants. One plant produces according to a cost function cl (91) = Yf. The other plant produces according to a cost function c2(y2) = Yg. The factor prices are fixed
What currency was used in the 1700s? Ans) this is depends on the country. Most currencies, though, were based on gold and silver. In America, in the 13 colonies, tobacco wa
Employment The calculations of human input in the production procedure. In the United States, there are two major measures of employment, as determined by the Bureau of Labor
explain why policies for promoting market competition are desireable
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demand elasticity
define perspective of managerial economics.
WORLD BANK: The World Bank group is a partner in opening markets and strengthening economies. Its goal is to improve the quality of life and expand prosperity for people every
Which of the following industries do you think are likely to exhibit large economies of scale? Explain why in each case. a. House building b. Electricity generation c. Market ga
Ask questioThe difference between the present value of cash inflows and the present value of cash outflows over a period of time is termed as Net Present Value. This is used for th
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