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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.
In year one, suppose the federal government has no national debt and spends $100 billion, while raising only $50 billion in taxes. The U.S. Treasury will issue $ billion of governm
identify any four other law of demand and give examples
Explain how the price system eliminates a shortage. A deficiency means that quantity demanded is greater as compared to quantity supplied. This will lead to upward pressure on pr
Stock of durable goods on hand: If the economy has enjoyed an extended period of prosperity, consumers may find themselves well supplied with various durable goods, e.g. cars,
Given that TC=1000+10Q-0.9Q^2+0.04Q^3,,Find the rate of output Q that result in minimum Average variable cost
Can this be done now?
Question 1: (a) Using examples, explain how the theory of Purchasing Power Parity conforms to the Law of One Price. (b) According to you, how best does the Theory of Purchasing
How is consumer utility calculated?
Commodities A) It is well documented that commodity prices are very volatile when compared to other asset classes. Discuss factors that cause volatility in the commod
why is the point outside the production possibility curve(PPC)called unttianable
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