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Explain the difference between productive and allocative ( economic ) efficiency.
#qDiscuss the functions of money Illustrate your answeruestion..
farmer grows a bushel of wheat & sells it to a miller for Rs. 1.00. The miller turns the wheat into flour & then sells the flour to a baker for RS. 3.00. The baker uses the flour
Examine the graph below. The mayor has placed a $2 tax on the sale of each taco sold within the city. How large is the decrease in producer surplus?
what is credit multiplir and how does it work
Consider the following: An economy is found to have output, y = 20000 Also assume that the government runs a deficit where tax revenue T= 4000 and government expenditures G=5000
In the keynesian cross model, assume the consuption function is given by C=200=.75(Y-T) and planned investment=100, government purchases and taxes are each of them 100. a) Draw a g
1. Suppose that the supply curve for school-teachers is LS = 20,000 + 350W, and the demand curve for schoolteachers is LD = 100,000 - 150W, where L = the number of teachers and W =
How does the Ricardo Viner diagram react when once price changes, effects on real wages, and labor allocation?
what is the importance of the quantity theory of money
Prepare an essay regarding the concept of maximization and the assumptions associated with the behavior of the economic man.
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