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What are the differentiated conditions of economic issue?
While discussing an economic issue, this is very important to differentiate between:
(a) Two types of conditions: essential and sufficient conditions for a statement to be accurate and
(b) Two forms of statements: positive analysis and normative analysis.
This is easy to confuse the difference between essential conditions and sufficient conditions, a problem which results frequently in incorrect conclusions.
Austrian economics is a brand of neo-classical economics that was established in Vienna during the late 19th century & first half of the 20th century. Austrian economics was strong
Explainbainlimitpricetheory
prove that the utility approach and the indifference curve yield the same consumer equilibrium.
4) The prevention of major swings in economic activity can be handled most easily by the A. household sector B. business sector C. financial sector D. government sector Explain
ADVANTAGES AND DIS ADVANTAGES OF MONOPSONY
1. Introduction Wood Investments (WI) is a private equity fund that specialises in the leveraged acquisition of publicly-quoted companies with the intention of producing h
Rational Expectations- Inflation Unemployment Trade-off : Now, consider what happens if we suppose that workers have rational expectations about the rate of inflation First, th
Which of the following is evidence of market power? a. Output is fixed despite cost changes b. Optimal Output is less than industry output c. Output changes as cost changes
Q. What is Gross Domestic Product Per Capita? Gross Domestic Product, Per Capita: Level of GDP divided by the population of a region or country. Changes in real GDP per capita
Shares: Financial assets that represent ownership of a small proportion of total equity (or net wealth) of a corporation. Shares can be sold and bought on a stock market. Slaver
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