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If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
Paradox of Thrift: An individual household, governmentor business may attempt to save money by reducing their current expenditures. Though those attempts to save, once amalgamated
Q. What do you meant by Hoarding? A situation in that companies, financial investorsor individual consumers choose to hold hoards of cash or other liquid assets, instead of spe
why diminish MRS?
what are the advantages of monopsony?
Double Jeopardy A condition where an entrepreneur's main source of income and net worth depend on the entrepreneur's organization.
What are the advantages of trade surplus
Clearly explain the distinction between supply, demand and equilibrium price.
1. Moving from an economically inefficient to efficient allocation of resources will necessarily increase benefits by more than costs. 2. There are two demand curves for a pri
how does compensated demand curve help managers?
friedman and savage hypothesis
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