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give and explain the different causes of national income variation
Which is a better measure of economic well-being real GDP or Nominal GDP? Ans) Well real GDP takes into account the inflation rate and therefore is more accurate at recording th
The _______________ illustrates the notion of opportunity cost. If an economy is fully utilizing its resources, it can produce more of one product only if it produces less of anoth
A company can lease an asset for the next five years by making lease payments that are equivalent to annual payments of $3,000 at year 0, $6,000 at year 1, $7,000 at year 2, $7,000
which turning point marks the end of an economic prosperity and the start pf contraction
Why a perfectly competitive retail market is more competitive than a monopoly
Since anyone is able to obtain a license, not necessarily the low cost suppliers of archery lessons, and it is not necessarily the individuals with the highest willingness to pay w
the central economic problem facing the group of survivors
Given the above trade between the two countries, explain the trade effects on product prices, and factor incomes. Why do these effects occur?
with the help of a graph, explain factors that may cause a shift in the balance of payments
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