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Q. What is Climate Change?
Climate Change:As a consequence of cumulative emission of carbon dioxide (a by-product of fossil fuel use) and other chemicals over past two centuries, concentration of these gases in global atmosphere is growing dramatically. These chemicals capture more solar energy within the atmosphere and thus average global temperatures are rising - by about a full degree Celsius (on land) over the past half-century. Rise in global temperatures is causing many serious consequences, including rising sea levels, changes in rainfall, extreme weather and storms and changes in animal and plant habitats.
1. Explain how absolute advantage and comparative advantage differ? 2. Give an example in which a person has an absolute advantage in doing some thing but another pers
What is indifference curve and its properties?
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
explain the concept economies/diseconomies of scale and minimum efficient scale
Q. Food purchases are relatively price inelastic since food is a necessity. If food is so required for life, how will we explain the heavy advertising of food items at the
what do you understand by production posibility curve?
Which assumption of Classic OLS does this model violate?
(1) The demand curve for oranges is given by the equation P = 5 – Q/200. The supply curve is given by P = Q/800. Q is measured in oranges per day and price is measured in dollars p
Location of industry and localization of industry: Location of industry tries to answer the key economic question "where to produce". It involves deciding on the area that an
Type of total outlay
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