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what is free market?
Question 1: i) Use a simple human capital model to explain the rationale for undertaking higher education. ii) Why do some people vary significantly in the amounts of human
How have falling commodity prices affected many developing countries? Definition of commodities; raw material like copper, iron and bauxite; and agricultural goods like rice an
Explain in detail the concept of PPC with suitable eg.
Illustrate and discuss the impliction of various market structures(competitive and non-competitive)
Mathematical representation - Inflation Unemployment Trade-off : Suppose that firms correctly perceive the state of demand in the economy and the rate of price inflation. The
Assume the United States exports 1000 computers at a price of $3000 each and imports 15 UK autos at a price of 10000 pounds each. Assume that the dollar/pound exchange rate is $2 p
explain normal profits and abnormal profits
GENERAL PRINCIPLE OF EXTRACTION OF METALS
explain the central problem of economy with production possibility curve?
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