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Is the balance of payments a problem? A persistent balance of payments shortage is bad when used to finance consumption, but good when financing imports of suitable capital wh
What happens during a business cycle of economy, and what can be done about it? Business cycle of economy: a. The consequences of recessions and expansions onto unemploymen
What are the constraints facing governments in the promotion of development? The constraints facing governments into the promotion of development: The capability of a govern
Why are many economists opposed to licensure of medical facilities and personnel?
abnormal supply curve
1) Between mid 2008 and mid 2009 measured RGDP in the economy fell by 3.8% as the US economy sank into a recession. Over that same time period total employment in terms of hours wo
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why does the quantity of salt demanded tend to be unresponsive to changes in its price?
What is structural change? Structural change: Structural change arises while the associate share of GDP and employment accounted for through the primary, secondary and te
Identify the features of informal sector in African countries
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