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QUESTION 1 (a) Explain the relationship between scarcity, choice and opportunity cost. (b) How is choice about the use of scarce resources made in a market economy? QUES
What is exceptional supply curves
Does economic growth automatically reduce poverty? Growth implies more goods and services are obtainable to satisfy more wants and requirements. But the benefits of growth may
Why does a production possibilities frontier with increasing opportunity costs have a bowed-out shape?
Why do countries trade? International trade is the swap of goods and services among countries. Trade enhances consumer choice and complete welfare. Various countries have v
Why is World Bank worked jointly with the International Monetary Fund? The WB works jointly along with the IMF to assist LDCs through coordinated: a. Structural Adjustment P
Explain about the term Traditional Economy. Traditional economy: It is where decisions regarding what, how and for whom to produce are based onto tradition and custom. A
factors that affects sthe volume of production in economy
Assess the impact of fiscal and monetory policy on business organisations and their activities
what is reasoa
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