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Why is it considered well to bring all BOP's to zero?
If BOP of any country is zero, it reflects that the present account of that country has sufficient balance to meet the needs of that country and if the current account is in surplus, the country may be invest in other countries or lend money to other countries.
1. Consider an individual facing a wage rate w . There's a total of 100 hours available for work or leisure in a week. (a) Represent his budget constraint graphically (b)
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discuss the implications of various market structure for price determination
PLEASE GIVE ANY ONE TOPIC OF ECONOMIC WITH ANSWERS
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
the short run can be defined as any period of time
LONG PERIOD ANALYSIS: Long period refers to a time when all the factors are variable. Earlier in the short period analysis, we had considered capital (K) to be fixed factor. H
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Problem 1: (a) Explain the meaning of poverty. Briefly explain how poverty is measured? (b) Clearly explain the relationship between Poverty, Inequality and Economic Growt
Composition of Trade: It is indicative of the structure and level of development of an economy. For instance, most of the UDCs depend for their export earnings on a few primar
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