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List and briefly describe the principal causes of high population growth in developing countries and the major consequences.
List the 3 factors that determine the price elasticity of demand? State the factor that determines the price elasticity of supply?
definition and charactoristics of index numbers.problems while constructing index numbers
Show the effects on the price level and real GDP of a major union wage settlement that significantly increases wages. Is this a supply shock, a demand shock, or both?
A significant argument for the augmentation has to do with concept of money illusion. Money illusion means that you care about nominal rather than real amounts. Imagine that your s
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
A new industry develops, and our government wants to protect it from foreign competition. Which one of the following arguments would appropriately describe this type of protection?
What is the difference between 'quantity supplied' and 'supply'? There is a distinction among supply and quantity supplied. Supply explains the behavior of sellers at every pr
Index number formulas
Ask question #Minimum 100 wordsThe following is the information from the national income accounts for a hypothetical country: GDP
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