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#qDiscuss the functions of money Illustrate your answeruestion..
(a) Explain the meaning of efficiency in economics and use a sketch diagram to illustrate its attainment by reference to the Production Possibility Curve. (b) Refer to the
What are the indicators of development? Economic development is a complicated multi-dimensional idea. Preferably each aspect of development needs its own indicator. • Prof
list of all theories of business cycle theories
c) Explain why perfectly competitive markets lead to an allocatively efficient allocation of resources in the long run
Question 1: Differentiate between income, price and cross elasticities of demand. How will the concept of price elasticity be useful to the owner of a supermarket who wan
Definition of Exchange rate The exchange rate is stated as the price of one unit of currency in terms of other currency. If one euro costs 1.5 USD then 1 USD costs 1/1.5 = 0.66
what reasons limit the bargaining power of trade union in developing countries
State the term National income statistics National income statistics underestimate the true level of economic activity, and as people's living standards, because the non-moneti
The demand for nominal balances rises with the price level. At the similar time inflation causes the real demand for money to fall. Describe how these two assertions can be both co
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