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What currency was used in the 1700s?
Ans) this is depends on the country. Most currencies, though, were based on gold and silver.
In America, in the 13 colonies, tobacco was mostly used as a type of currency.
1). Define and explain the concept of an externality. Provide examples of both positive and a negative externality. 2). The Prisoner's Dilemma Exercise:
what is theory of product pricing?
Derived demand and Demand schedule: D erived demand is where the demand for a final product leads to the demand for a second product which is used to produce this final p
On what kind of income is our taxing system based?
Identify path of growth and development to economic maturity.
Gross Domestic Product, Deflator: A price index that adjusts the overall value of GDP according to average increase in the prices of all output. GDP deflator equals the ratio of no
Token Privatisation: This implies the sale of 5 per cent or 10 per cent shares of a profit-making public sector enterprise in the market with the objective of obtaining revenue t
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
Exchange Rate Policy: LERMS, a dual exchange rate system, was introduced in the Budget for 1992-93. Under this system, 40 per cent of foreign exchange earnings were to be sur
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