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(i) How do we measure economic growth and why do we need economic growth?
(ii) What can governments do to stimulate economic growth and create jobs? (provide some current examples)
(iii) Should government/s support the renewable energy industry and how?
(iv) What is inflation and what impact does it have on the economy?
marginal utility is applied on money or not
what are the relevance of economics to most business today??
Derivation Of Ordinary Demand Function: Suppose, and q 1 = (Q 1 1 , Q 2 1 ,..., Q n 1 )T. Let M0 be the money income and p 0 q 0 = M 0 and p 0 q 0 ≥ p 0 q 1 , where p
what is consumer''s choice involving risk.preference toward risk.
illustrate a long-run equilbrium using diagrams for the gold market and for a representative gold mine
The Bandwagon Effect - This is desire to be in style, to have a commodity because almost everyone else has it, or to indulge in it. - This is major objective of marketing an
risk describe,prefrence towards risk,the demand for risky assets.consumer behaviour under asymmetricinformation
Halala is a small country that uses most of Its resources to produce fruits and vegetables. If the country produces only fruits it is able to produce 8000kg of fruit per year. If i
An increase in the scale means that all inputs or factors are increased in a given proportion. Increase in the scale thus occurs when all factors or inputs are increased keeping fa
construct your own version of a production possibility curve and use it to explain scarcity, opportunity cost and choice
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