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You are allocating money between pizza and Chinese food over a month. You like a variety. (a) Letting C denote the quantity of Chinese meals you consume in a month and P denot
What is a firm
QUESTION (a) Explain the relationship between scarcity, choice and opportunity cost. (b) What is market failure and why does it occur in an economy? (c) Differentiate, us
Problem: (a) Critically asses the difference between economic growth and economic development. (b) Describe the definition of economic development as a multidimensional pro
What is the argument of advocates of World Bank in promotion of development? Advocates of the World Bank argue: • Loans and aid alone don’t guarantee development or the
The prevention of main swings in economic activity can be handled most simply by the household sector. Explain why?
How can the role of government in development be assessed? Increasingly governments are judged through the outcome of their policies within achieving above average development
what is price expectation elasticity of demand?
QUESTION ‘To assist policy makers discern e-Government initiatives in relation to their responsibility vis-à-vis other governmental issues, it is critical that the Governmen
despite of pitfalls forecastimg is indispensable to a business firm.discuss the importance of forecasting in light of this statment
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