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Some countries that supply oil to petrol manufacturers are located in or near the Middle East, others are not located in or near the Middle East. (i) Does the war benefit or har
c) Explain why perfectly competitive markets lead to an allocatively efficient allocation of resources in the long run
Hello, how to cure inflation, particularly addressing rising food prices thanks Gedanken
effects of tax increase on the gross domestic product
The circular flow of income in a simple economy where all income is consumed The operation of forces in an economy can be expressed in the form of a circular flow of incomes a
7 people have jobs, 3 want to work but are not, and there are 20 adults. What is the participation rate?
Explain about the elasticity and total revenue. Elasticity and Total Revenue: a. When demand for a good is elastic, a raise in price decreases total revenue. Then Sales effe
What are the advantages of leaving resource allocation to price allocation? Ans) The 5 benefits are Neutral, Flexible, Freedom of choice, No administrative cost and lastly Dimin
Q. Illustrate diffrent types of interest rates? There are many other interest rates in a society. For instance, you will earn interest when you deposit money in a bank account
What does a shift in the demand to the right mean? Why does the demand curve shift?
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