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Scope of Economics
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Tariff Reform: India's customs tariff rates have been declining since 1991. The "peak" rate came down from 150 percent in 1991-92 to 40 percent in 1997-98. The downward mom
Explain how changes in the quality of health care will influence the demand for care.
What are the requirements for something to be considered money? Why does the dollar have value?
At first, Say's Law may seem 'obvious'. Though, it's not - actually, it's highly controversial. The reason it may seem obvious is that you have perhaps learned from microeconomics
What does a shift in the demand to the right mean? Why does the demand curve shift?
Factors Responsible for changes in Aggregate Demand The Aggregate Demand curve shows an inverse relationship between the quantity of goods and services demanded and the price l
Unemployment classification Economists sometimes differentiate between different types of unemployment. There are many type of ways of classifying unemployment however the foll
Why is it important for policymakers to consider both the direct and indirect effects of public policies?
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