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Why and how are economists attempting to create more accurate measurements of development?
The why part is simply because of the complexities built-in to the concept of development - it is a very broad (rather subjective) and non-quantitative concept. In order to enhance the measurability, economists increasingly look at (quantifiable) variables which are related to, i.e. show causality with, development. Often these measurements take the form of composite indices.
How do I draw and interpret a combined ppc curve?
How dose PPC help, illustrate the basic economic problem?
a description of engineering production function
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I am having a hard time figuring out how to find marginal product.
how do you find the average fixed costs using total fixed costs and total product?
PRICE ADJUSTMENTS UNDER FIXED EXCHANGE RATE: In a flexible exchange rate regime trade deficits (surpluses) are automatically corrected by a depreciation (appreciation) of a co
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