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why use GNP in macroeconomichs analysis
how might opportunity cost help to explain the pattern of international trade?
Can marginal cost be constant? If so, does this mean that marginal cost are equal to average variable cost?
graphical illustration describing the influence of an increase in immigrants on the market supply of labour
FOREIGN TRADE: Interdependence between the economies of the world has increased multifold. External sector in the economy has gained primeimportance. Both exports and imports
Determinants of Private Demand for Education Rates of return on investment in education is only one of the factors determining the demand for private investment though it is
In this section, we ask you to write down a simple, formal, mathematical model. A small number of points will be awarded for an intuitive discussion of the problem, but most of the
Quality Control: Standards and standardisation, quality systems, certification and inspections, measurement systems, testing laboratories, their accreditation and calibration
An economist's view of costs contains both explicit and implicit costs. Explicit costs are accounting costs, and implicit costs are the opportunity costs of an allocation of resou
Gross Domestic Product and Growth Rates: The rate of growth of the secondary and tertiary sectors has been more than double that of the primary sector, with the secondary sect
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