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How do we evaluate the value of money?
Supply and demand verifies the value of a currency. If demand is high, the value rises, and vice versa. Factors that affect supply and demand contain the following: • Interest rates • Inflation • Balance of trade • Economic growth • Market speculators • Government budget deficits/surpluses
Explain three major barriers to development experienced by developing countries. Well, the scope of possible answers here is, em, wide, to say the least. The issue is not to si
Factors that determine the volume of side of production
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what are the limitations of economies of scale?
1. Explain how absolute advantage and comparative advantage differ? 2. Give an example in which a person has an absolute advantage in doing some thing but another pers
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