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a. Suppose the demand for saline solution is perfectly inelastic for contact lens wearers. If the government imposes a tax on saline solution, what occurs? Be sure to tell what hap
describe scitovosky''s double criterion
Methodology of econometrics involving three stages 1. Specification of the model using a specific stochastic equation, together with a priori theoretical expectations about th
Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
Problem 1 : (a) What are the main assumptions behind the macroeconomic theory of New Classical Economists? (b) Describe the Lucas Supply function and explain its policy imp
Strictly give the diff. btw the theory of reciprocal demand & theory of comparative advantage
what is supply and demand
Question 1: a. What is the supposed rationale for subsidising higher education in various developing countries? b. Do you think there is a legitimate rationale to the abov
What are the various forms of aid a developing country might receive? Here the student must show clearly the difference between grant (donor) aid; reciprocal (tied) aid; bilat
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