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Government Spending Wagner's Law of economic activities applies to every economy. According to this law, there is both an extensive and intensive increase in government activit
What is the difference between houehold and consumers?
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
how a capitalist system solves the three fundamental economic problems
What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
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TRADE policy: The well known economist D. H. Robertson has immortalized the role of trade in development with his famous statement that "trade is an engine of growth". The pol
Change in consumer and producer surplus from price controls * Observations: - The loss is equal to area B + C. - The change in surplus = (A - B) + (-A - C) = -B - C -
What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss
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