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Economic Efficiency
The effort to making products and services in the least costly way without sacrificing excellence.
What is endothermic reaction? 3. Draw a generalised energy graph for an endothermic reaction.
Labor Productivity - Labor Productivity and Standard of Living - Consumption can increase if productivity increases. - Determinants of Productivity Stock of capit
is it just assumed that a monopoly graph is showing economic profit instead of accounting profit
Devil's Advocate Explicit role undertaken by a group member who actively questions and challenges the group's ideas, procedure, and decisions. Such active questioning helps de
Explain opportunity costs using a PPF where investment goods are on one axis and consumption goods on the other. Again, a good definition of opportunity costs linked to the not
Explain how a floating exchange rate works and the variables which affect the rate. Define a floating exchange rate as the price of a currency (in terms of another or basket of
This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such
identify which curve (demand or supply) will be affected?
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Disposable Personal Income The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.
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