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Banks: A company which accepts deposits and issues new loans. It makes profit by charging more interest for loans than it pays on deposits, and through several service charges. By issuing new loans (or credit) banks create new money that is necessary to promoting economic growth and job creation.
Privatisation in the narrow sense can take several forms: a) Total Denationalisation: This implies complete transfer of ownership of apublic enterprise to private hands. Some
A firm's production function is given by Q = √LK . The price of labour is w and the price of capital is r. a. The price of labour is $5 and the price of capital is $20. What is
what is money? functions
application of indifference curve analysis to the problem of exchange
a. Determine Australia’s market equilibrium for TV sets. i. (1) What are the equilibrium price and quantity?
How to use Demand and Supply tools to analyze the case of the Egyptian labor market?
what are tne methots of demand forecasting ?
Difficulties in Measuring Cost 1) Output data may represent an aggregate of different type of products. 2) Cost data may not include opportunity cost. 3) Allocating c
Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?
Lynne’s income is $2, 000 and she is risk averse. The probability of someone slipping on her stairs is 1 8 . If this happens, she will be sued for $1, 000 and will have to pay that
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