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STRUCTURE OF NATIONAL INCOME: The structure or composition of national income of an economy explains the relative significance of the different producing sectors in an economy
#question influence of an increase in migrant on market supply labour
. Keep slope of supply constant and apply different slopes of demand curve and then show what happens if control price impose. Similarly, keep demand curve constant and apply diffe
What is economics about? Economics: Economics is a social science which studies individuals’ economic behavior, economic phenomenon, ands also how individual agents, as like
Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. In years 2 and 3 worker hours are 120 and 130 and units of output are 216 and 260, respectively.
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. What would answer be
explain the central problem of economy with production possibility curve?
describe who gets hurt in a recession, and how.
how can a price ceiling make consumers better-off? under what conditions might it make them worse off?
data of past 20 years regarding price, wage, employment, productivity, investment, profit or loss.
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