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mention and explain four factors that determine the volume of production.
it has been argued that economic development of developing countries has been held back by a persistent fall in the terms of trade of developing countries over the long run
# ???? .. difference between gdp at market price and nnp at factor cost
What are the international economic crisis A current account surplus can only take place in one nation if there is a current account shortage in another country. So it makes no
what are the two precautions required while estimating national income by value added method?
describe how open market policy can be used to stimulate economic activity in the country
George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is
Examine two (2) tenets of the mercantilist school. Determine whether you agree or disagree with these principles. Provide at least two (2) reasons to support your answer
Consider a market where supply and demand are given by QXS = -18 + PX and QXd = 90 - 2PX. Suppose the government imposes a price floor of $41, and agrees to purchase any and all un
1 . Use the AS/AD model to a . Demonstrate graphically and explain verbally the situation the US economy is currently in. b. In the diagram you drew for part (a) above, sh
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