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Why is it so difficult for government to achieve all macro objectives simultaneously? Specifically showing possible trade-offs i.e. a) Stimulatory policies which enhance AD
Reasons for International Trade?
when average product is decreasing, marginal product is?
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
summary of general equilibrium
Composition of Trade: It is indicative of the structure and level of development of an economy. For instance, most of the UDCs depend for their export earnings on a few primar
Explain why subsidies to domestic firms act as a trade barrier. A trade barrier is broadly explained as any market intervention whereby the ratio of price of exports to price o
Prove that utility approach and indifference curve yield the same consumer equilibrium
As there are natural monopoly market situations it is in the public interestto permit monopolies, but traditionally in the United States they are regulated with respect to price.
define real and nominal wages
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