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explain the central problem of economy with production possibility curve?
why risk averse consumers pay premium for insurance to convert an uncertain outcome to a certain one?
How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade
the general characterictics of economic models,its limitations and verification
use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labour on an increase in immigration..
REAL VERSUS NOMINAL PRICES • Nominal price is a complete or current dollar price of a good or service when it is sold. • Real price is the price related to a combined me
about opean market economy
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
Explain the difference between a stock and a flow. A stock is something whose quantity is calculated at a point in time, whereas a flow measures the quantity of something ove
Demand for Risky Assets * Assets - Something which provides a flow of money or services to its owner. - The flow of money or services can be explicit or implicit . *
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