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Since World War II, North Korea has had a centrally planned economy in which the government makes the big decisions on how resources will be allocated. Why would you expect North Korea's production possibilities (per person) to be smaller than those of Australia? What are the economic institutions that help the Australian economy achieve allocative efficiency that North Korea might lack?
why is the point outside the production possibility curve(PPC)called unttianable
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what is a sub game perfect Nash equilibrium
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Dialectic Inquir y It is a technique for group decision making in which members are forced to "debate" both sides of a matter. Dialectic inquiry forces consideration o
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give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
#limitations of time series analysis
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