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What is International Trade Economics, Explain study area of international trade economics.
What do you mean by Consumption Set? Consumption Set: We notice a consumer faced along with possible consumption bundles within consumption set X. We generally assume that X
How might governments lower the natural rate of unemployment? An easy way to organise the answer is to separate possible solutions into two broad groups; interventionist and m
1).Explain a coordination failure. Using the Prisoner's Dilemma example above, discuss coordination failure. 2). What's a Market Failure? Please define the circumstances under w
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
would a rational producer be concerned with the average or marginal product of an input in dec
discuss how economic theory explains the optimum pattern of consumption of an individual consumer
what is diffusion and effusion of gases? Describe Graham''s law of diffusion, effusion. Diffusion of gases While during two gases are brought together they mix with each other in
define and explain the concept of social efficent production
Q. Can you explain about Counterfactual? The ‘base case' or counterfactual is a statement of what could have happened without policy intervention, or if the policy intervention
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