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What are the import substitution policies? Import substitution policies are as follows: Need trade restrictions for example, tariffs and quotas to defend infant industr
Assume that there are two types of consumers (in equal numbers). They have the following two inverse demand functions (coming from zero-income effect demand functions): Type A : p
Expansionary fiscal policy happens when the government cuts spending. How?
Q1 An important first step to the statistical analysis of data is to "get to know your data". The following tasks should contribute to this. (a) To the right of the dataset c
What is Monopoly and how does it affect the economic postively and negatively?
QUESTION 1 i) Distinguish between the different kinds of concentration measures ii) Briefly describe the axioms of Hannah and Kay (1977) iii) Derive and explain the Dorfm
Why does a production possibilities frontier with increasing opportunity costs have a bowed-out shape?
How do I calculate NPV with benefits and costs?
QUESTION (a) Using diagrams where appropriate, explain the concepts of scarcity, choice and opportunity cost. (b) Distinguish between positive and negative externalities, il
Assess the impact of fiscal and monetory policy on business organisations and their activities
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