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Why is AIDs a major economic problem?
AIDs are a tragedy which is affecting the structure and size of population. There AIDs is widespread in between the economically active the work force becomes unwell. AIDs damages economic growth by:
• Fall into productivity by substantial absenteeism,
• Raised private sector costs for recruitment and training.
• Disposable income reduce as millions of worker lose income and only requirements can be afforded
• A greater proportion of disposable income is utilized for medical and funeral expenses.
explain the role scarcity of resources plays in economic decision making
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Assume Mr. Robinson deposits pounds 600 in currency at a bank. Later that day Ms. Volker borrows pounds 1200 from the similar bank. The money supply will have enhanced by pounds 60
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Consider a Cournot duopoly. The market demand is p=190-q1-q2. Firm 1's marginal cost is 40, and firm 2's marginal cost is also 40. There are no fixed costs. A. Derive every fir
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