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Allocative efficiency criteria are satisfied by the competitive model. Because P = MC, in each market in the economy there is no over- or under- allocation of resources in this ec
explain how macro and micro issues may be represented using production possibility curve
is south african economic system more allocative efficient?
What is the theory of Second Best? Prove the theorem with the help of a diagram.
What are the main weaknesses of using demand-side policies? Trade-off issues a) Growth and low unemployment often come with inflation b) Government stimulatory policies m
how to differentiate the exeptional demand and exceptional supply?
in economics what is cobb douglas theory?
Assume you see that two macroeconomic variables are correlated with each other. But you want to know if there's an underlying or causal relationship between the two variables. Wo
what is break even quantity
please can you explainn what "down 0.1 percentage point on the quarter means"?
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