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Differentiate between inflation and unemployment.
Inflation is an increase in the general price level that results in a decline in the purchasing power of money. In economics, a person who is able and eager to work yet is unable to find a paying job is considered unemployed. The unemployment rate is the number of unemployed workers separated by the total civilian labor force, which contains both the unemployed and those with jobs (all those willing and able to work for pay). In practice, calculating the number of unemployed workers actually seeking work is notoriously difficult.
Define law of demand. Answer: Quantity demanded increases as price falls, other things constant. In other words, "Other things remaining the same, when the price of a good r
b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
what is risk diversifications
Point Elasticity of Demand - For large price changes (such as 20%), value of elasticity will depend upon where price and quantity lies on demand curve. - Point elasticity me
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Fiera Corporation is evaluating a new project that costs $45,000. The project will be financed using 40% debt and 60% equity, thus maintaining the firm's current debt-to-equity ra
Problem 1 (a) Explain the evolution of exchange rate system in Mauritius. (b) According to you, what factors determine exchange rates in the long run? Problem 2 "Inf
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Which of the following industries do you think are likely to exhibit large economies of scale? Explain why in each case. a. House building b. Electricity generation c. Market ga
Factors of Production Factors of production are the resources that are utilized to manufacture goods and services: 1. Natural resources: The things developed by acts of n
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