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Discuss the costs and benefits of establishing a common currency.
So, there is a convergence issue in setting up the common currency - and there will also be a convergence problem in maintaining it - commonly known as the asymmetry problem. There are also the economic and political costs of giving up domestic policy freedoms. In spite of this, there are numerous advantages in having a single currency for an area which is economically integrated.
Price elasticity of supply – Computes the percentage change in quantity supplied resulting from a 1 percent variation in price. – The elasticity is usually positive as price
Gross Domestic Product and Growth Rates: The rate of growth of the secondary and tertiary sectors has been more than double that of the primary sector, with the secondary sect
why we study micro econmics?
Dance fans switches away from Dance music to R&B music AND the price of MP3 players increases
contemporary issues in microeconomics in nigeria
Explain about the optimal consumption rule. The optimal consumption rule: While a consumer maximizes utility, the marginal utility per dollar spent should be similar for all
what is oxidizing agent
What factors shift the Aggregate demand curve to right and what factors shift the AD curve to left? AD shifts to the right when any component of AD enhances autonomously; e.g
Explain the role of managerial ecnomist in kissan &dipsy fro ub group
Equation (1) gives a hypothetical demand curve for hybrid vehicles in the United States during the year 2000, where Q is the quantity demanded and P is the price. Equation (2) giv
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