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what is stagnation thesis?
Consider a two-period economy with a single commodity (say leisure): x1 is the con- sumption of leisure in period 1, and x2 is the consumption of leisure in period 2. When Peter ev
Rationale in era of globalisation: In the present era of globalisation where countries have unprecedented access to international capital flows and where those who have borrow
what are the advantages of monopsony?
Objectives of the WTO: The agreement establishing the WTO reiterates the following objectives of the WTO: • Raising standards of living and incomes, ensuring full employm
What is the theory of Second Best? Prove the theorem with the help of a diagram.
What is meant by labor force? In economics the labor force is the group of people who have a potential for being employed. Normally, the labor force having of everyone above
what is a sub game perfect Nash equilibrium
9. The average supernormal profit for the firm is
reasons for and against free trade with foreign sector
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