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What are the important functions to maximize total surplus? The market equilibrium maximizes total surplus since the market performs four significant functions are as follows:
Fluctuations in Growth Rates: Fluctuations in year-to-year growth rates in early stages were very marked, which indicated that the economy had failed to create conditions cond
what is limitation of inherent
Distinguish among the terms of trade and the balance of trade for a country. Definition of terms of trade a) The amount of a given amount of export goods essential to buy
how to find opportunity cost on PPc
SUMMARY OF THEORY OF PRODUCTION
a severe restriction occurs to the availability of consumer credit throughout the banking and finance system
what are monetry accounts?
Highlight the few heading of it
Name the two actors in the basic neoclassical (or traditional microeconomic) model of economics, and identify the assumptions the model makes of these two actors. Firms and hou
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