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More than half of South Asia's workforce is employed in agriculture, ranging from about 40 percent in Pakistan to nearly 70 percent in Nepal. But overall productivity is low, and the contribution of agriculture to the national economy averages only around 20 percent. Incomes in rural areas are much lower than in the towns and cities, and the same is true for the standard of living. With two-thirds of the realm's population living outside urban areas, most people either work in agriculture or rely on it indirectly.?
Assume consumers have become more health conscious and now prefer fruit juice to cooldrink.
Is clean air a scarce good in economic terms? Explain.
When the government imposes a binding price ceiling on a competitive market, a shortage of the good arises, and sellers must ration the scarce goods among the large number of potential buyers.
Suppose that Natasha's utility function is given by u (I) =v110I , where I represents annual income in thousands of dollars.
Ms. Jane applies for a business consultant position. During the job interview, the interviewer asks how much salary she wants. She answered that the salary to s
Calculating MPC, In one year, a consumer's income increase by $400 and her consumption increases by $120. Her marginal propensity to consume is equal to.
Lets say if there is an increase in colonization that leads to an increase in the supply of labor. What happens to the real wage rate and the full employment le
Fraudulent Misrepresentation. Charter One bank owned a fifteen-story commercial building. A fire inspector identified a number of defects in the building's drinking water and fire-suppression systems. Without disclosing this information, Charter sold..
HI5003 Economics for Business GDP- Compare Australia with any other advanced economy and discuss their GDP last 2 to 5 years and factors affecting their GDP
Types of oligopoly that pertains to the automotive industry. The four assumptions that relate to game theory. Which types of game theory are applicable to the automotive industry?. Type(s) of Nash equilibrium that exist with the automotive industry.
Suppose that Home in a two-sector (i.e., agriculture and manufacturing) specific-factors model has a comparative advantage in manufacturing. If Home were to open up to trade, will Home’s workers be better off, worse off, or are we unable to say the i..
Should the government use monetary and fiscal policy in an effort to stabilize the economy? The following questions address the issue of how monetary and fiscal policies affect the economy, and the pros and cons of using these tools to combat economi..
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