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what is the use of national income statistics as an indicator for a country''s standard of living?
What is The law of comparative advantage The law of comparative advantage, though, suggests that it would be unwise of UK economy to try to replicate German model. First German
Are there any current subsidy or welfare issues that are being discussed or addressed in parliament or in municipalities
Analyse the effect of contraction phase to the vunerable
Use the distinction between the charasteristics of private and public goods to determine whether the following should be produced through the market system or provided by the gover
Suppose three identical firms are engaged in Cournot competition in quantities. They all have marginal costs equal to 40. Market demand is given by: P(X) = 200 - X = 200 - (x
Criticism of keynesian system
Central bank and monetary policy By monetary policy we mean the policy directed at controlling the money supply and the interest rates. In most countries, the central bank is r
Equilibrium and Disequilibrium In physical sciences, equilibrium is a state of balance between opposing forces or actions. The meaning of equilibrium in economic theory is exa
State about the unitesd state government bonds In most countries, you find government bonds with longer maturity. For example, in the United States you have Treasury notes (two
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