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Q. What is Free Trade Agreements?
Free Trade Agreements:It is an agreement between two or more countriesthat eliminates tariffs on trade between the countries, reduces non-tariff barriers to trade, cements rights and protections for corporations andinvestors, and takes other measures to guarantee a usually liberalized, pro-business economic environment.
How economic theory explain optimum pattern of consumption for an individual consumer
Why might economic growth not be compatible with sustainable development? Define economic growth; enhance in national income during a time period. Explain sustainable developme
STETE THE THEORIES OF DETERMINATION OF RENT
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
Q. Define Economies of Scale? Economies of Scale: Most economic production requires producing firm or organization to make an initial investment (in real capital, in design and
How the inflation effect on the Import and Export of the country? When general price level enhances in an economy, local currency is devalued. Economy has to spend more on imp
Q. Market Income and Socialism? Market Income: A household's total pre-tax income obtained from its activities in formal economy, including salaries andwages, investment income
what is the south africas governments standpoint on international trade
The concept of opportunity cost occupies a very important place in modern economic analysis. The opportunity cost of any good is the next best alternative goods that are sacrificed
1. Suppose that there is a credit market imperfection because of asymmetric information. In the economy, there are N consumers. A fraction b of consumers consists of lenders, who e
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