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Explain whether you agree or disagree with the following remark: “ According to the model of perfectly competitive markets, the demand for wheat should be a horizontal line. But this can’t be true. When the price of wheat rises, the quantity of when demanded falls, and when price of wheat falls, the quantity of wheat demanded rises. Therefore, the demand for wheat is not a horizontal line.”
Illustrate what way does investment multiplier defend the policy of public workson the part of the state during business depression.
Even those who were not directly affected by the destruction were hurt because businesses failed or contracted and jobs dried up.
Illustrate what are consumption also saving in each period, suppose no borrowing constraints. What happens if the consumer faces a borrowing constraint that prevents her from borrowing.
She tells her friend that the additional utility she would get from the second pair of sneakers is the same as the additional utility she would get from the fifth sweater.
Draw the production possibility frontiers for the 2 countries. Draw the world relative supply curve for manufactures.
If you deposit RM3,000 with each bank, illustrate what will be the difference in the two bank account balances after two years.
How to design an experiment to test the theory that changing the oil of the new backhoes and forklifts will reduce repairs.
Alchemy allows the other firms to sell as much as they wish at the established price and supplies the remainder of the demand itself.
Illustrate what was the growth rate of the GDP deflator between 1999 and 2000.
What is per unit cost of producing 60 units of output. ATC(60)=$10 What is per unit labour cost of producing 60 units of output. AVC(60)=$6.67 What is per unit fixed cost of producing 60 units of output.
Suppose the Japanese yen price of one British pound is 163.78 yen for each pound. In which city hotel room is cheaper and by how much.
If the number of suppliers in the micro calculator industry increases, illustrate what would we expect to happen.
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