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Problem 1:
i) Is Protectionism always beneficial? Discuss.
ii) To what extent can a country actually rely on the principle of Comparative advantage before engaging in international trade?
Problem 2:
i) To what extent is economic growth beneficial to an economy?
ii) Explain using diagrams why a 10 % increase in investment leads to a higher percentage increase in National Income?
How much would the price of Good Z (Pz) have to change in order to increase the consumption of Good C by twenty five percent (25%)?
there are 1 million hours of labor available for making cars in the north, and another 1 million hours of labor available for making cars in the south. in a no-trade world, let''s
similarities
extenstion n contraction of demand curve
what is the total cost if the price of 10,quantity demanded is 900000, at $20 it is 800000? The author is paid 2 million dollars to write a book, the marginal cost of publishing t
Environmental economics goes back to the 19th century. Economists who research the planet are mainly worried with the idea of externalities, rare organic sources, and with the pro
introduction of this model
identify three factors to criticize the theory of consumer behavior or utility theory
not that long ago we experienced the excitement of thinking we would have cheaper online books and free music. these visions that we had of a free market utopia that blinded us to
Joe won $365,000 a year for life in the state lottery. Use a labor-leisure choice analysis to answer the following: a. Show how Joe’s lottery winnings affect the position of his b
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