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What are the national figures?
National income figures:
• Do not measure social, non-economic, quality of life indicators as like life expectancy that access to education like crudely measured through HDI
• Overlook the undeclared output value as an example, subsistence farming as well as shadow economy
• Avoid the impact of negative externalities
• Overlook sustainability matters
• Inequality questions as like income distribution and regional standard of living variations are disregarded
Are weaknesses of financial markets a problem? Problem: a. Potential entrepreneurs require funds to finance new projects. Financial institutions, as like banks, are middle
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Is structural change a problem? Economies are dynamic and adapt to meet evolving consumer wants needs. This means resources are moved from use to use in response to, say, chan
what is it?
Suppose a monopolist produces at constant marginal cost and is able to discriminate between two groups of consumers. The demand in each group is linear. Would the monopolist discri
Question #1 A baseball team is trying to predict ticket sales for the upcoming season. They are also considering increasing prices. The market has a population of 2 million persons
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