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Intermediate Products: Products (which includes both services and goods) that aren't produced in order to be consumed, but somewhat are produced in order to be used in the producti
ppf
discuss the implications of various market structures(competitive and non-competitive)for price determination
Engel Curves -Engel curves relate quantity of good consumed to income. -If good is a normal good, Engel curve is sloping upward. -If good is an inferior good, the Engel c
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..
The benefits of increased openness in trade. Narrowly defined, trade openness is lowering trade barriers - facilitating increased imports - whereas focusing on international ex
williomson''s model of managerial discretion
True public goods are those goods which can't be provided to one group of consumers, without being provided to any other consumers who desire them. Thus they are "non-excludable."
the general characterictics of economic models,its limitations and verification
Examples
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