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What are the two main forms of economic distribution? What is the difference between them? The two major forms of economic distribution are exchange and transfer. Exchange in
how has the haberlers theory of opportunity cost an improvement over the classical theory of trade
Let Consider the following insurance market. There are two states of the world, B and G , and two types of consumers, H and L, who have probabilities p H =0.5 and p L
discuss scarcity,choice and opportunity cost
Costs: If raw materials, machines and other things required for production could be made available freely then the study of the theory of the production and indeed, the study of
#questioIn many metropolitan areas of the country, local governments often impose rent controls on apartments. The justification for doing so is that the current market rent is con
characteristics of microeconomics
Disposable Personal Income The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.
In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
concept of supply and the factors that affect the supply
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