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Q. Describe Labour Market Segmentation?
Labour Market Segmentation: Deep and systematic differences among various groups of workers, in which different types of workers are effectively ‘assigned' to different types of jobs (reflecting differing productivity and income opportunities). Characteristically access to different segments of labour market is organized on grounds of race, gender, ethnicity or age.
discuss the methods used by the malaysian government to slow down import growth.
Determine the profit maximizing price and quantity A firm has segmented its market into the following demand functions: P1 = 500 – 50Q P2 = 500 – 20Q with a cost fu
Functions of the Central Bank: Currency issue and distribution: The Central Bank is the only institution empowered by law to issue currency notes and coins that are used as a
Functions of money in any modern economy: A medium of exchange: Money facilitates the exchange of goods and services because, people exchange the goods and services they produ
Q. Explain about Contingent valuation? Evaluation of willingness to pay for a specified environmental resource or a change in the resource, through use of structured questionna
Discuss whether inflation or deflation is the more serious problem for an economy. Inflation is a consistent general enhance in the price level, whereas deflation is a consiste
The "Battle of Sexes" is a famous game. The story is that a couple tries to decide what to do on a Friday evening. The girl prefers to go to an Opera and the guy prefers to go to t
Explain the difference between elastic and fixed supply
In the case of a tax abolition on food staples, what are the short run and long run effects?
Duality Theorems: The relationship between the direct and indirect utility functions may be described by a set of duality theorems. The following illustrative theorems are pro
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