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A small country can import a good at a world price of 10 per unit. The domestic supply curve of the good is S = 20 + 10P The demand curve is D = 400 – 5P In addition, each unit of
How does Opportunity cost and production possibilities relate?
briefly explain any five uses of national income statistics
what is the company lidted in NASDAQ that is included in the dow jones industrial average
what is fiscal policy?
unplanned changes in inventory are counted as inventory spending by firms.say true or false and justify
Two people are engaged in a joint project. If each person i puts in the effort x i , the outcome of the project is worth f ( x 1, x 2). Each person's effort level x i is a
THE GOALS OF MACROECONOMIC POLICY Economic analysis attempts to explain why problems arise in the economy and how these problems can be dealt with. It is, therefore, indispens
what is gdp
The manager of the world famous Koala Caves offers a tour each afternoon starting at 3pm. The caves can be shown to only four people per day without undermining their ecology. Occa
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