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What are the major area of decision making ? How does economic theory contribute to managerial decision ?
QUESTION (a) Explain and evaluate the rational expectations theory. (b) What is the major argument of the supply side economists in relation to taxation policy? How is it di
Persuading someone to buy is a complicated process. Why is it? Is the process inherently difficult, or is it since so many people are included? Persuading is an affecting skill
what is the ethics of command economics?
what is production analysis?
Why are state approaches occasionally considered as unsuitable for promoting development? Liberal economists’ argument government intervention really thwarts development. G
Consider a Cournot duopoly. The market demand is p=190-q1-q2. Firm 1's marginal cost is 40, and firm 2's marginal cost is also 40. There are no fixed costs. A. Derive every fir
Is dependency a problem in Less Developed Countries? Problem: DCs exploit Less Developed Countries by extracting their surplus value. This value becomes the difference among
What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
What are Newly Industrialised Countries (NICs)? Newly Industrialised Countries: Recently Industrialised Countries (NICs) are LDCs which have undergone recent, quick indus
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