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Suggestions For the last 60 years the Bretton Woods institutions have played an essential role in ensuring global financial stability and fostering economic growth and develop
1. What are the uses of elasticity to the public sector and private sector? (20 marks)
Comparison with Other Countries: The basic purpose of this type of comparison is that: (i) it helps us to know the potentials of growth that can be built up in an economy,
prove that marginal utility of x=the price of commodity x.
what is the basis of marginal utility
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities?
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
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Comparative Advantage:A theory of international trade which originated with David Ricardo in early 19th Century and is maintained (in revised form) within neoclassical economics. T
Is economic development is based on goverment Many governments--mainly unelected governments-aren't that interested in economic development. Giving valuable industrial franchis
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