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what is bains theory ? describe with the diagram
what are the variables to be included in the social welfare of a country?
The benefits of increased openness in trade. Narrowly defined, trade openness is lowering trade barriers - facilitating increased imports - whereas focusing on international ex
how to calculate it given a functuion
Assume that milk operates in a perfectly competitive market, use a well labeled demand and supply model to explain how market equilibrium price of milk is being determined.
Strictly give the diff. btw the theory of reciprocal demand & theory of comparative advantage
Q. Explain General Equilibrium? General Equilibrium: Neoclassical economics presumes that production, employment, investment and income distribution are all determined by a con
waht are the characteristics of perfect competetion market
what is risk diversifications
Former communist economies which is, with varying degrees of enthusiasm and have embraced CAPITALISM.
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