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What are the most important challenges that economists try to address? (ii) What is the role of government in a market based economy? (iii) Who are the main economic players and which are the most important factors of production in California? (iv) How can we expand the production possibilities curves? (give some examples at macro- and micro-economic levels)
why does gap between the ATC curve and the AVC curve decreases as the level of output increases
is south african economic system more allocative efficient?
A tax imposed on a market with an inelastic demand and an elastic supply will cause
If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
why value of marginal product is negatively sloped
Policy: Post-Communism Demolition of the Berlin Wall and take-down of the Iron Curtain hasn't significantly improved the situation in what are optimistically and euphemisticall
1. What is simultaneous biases? Discuss the cause of ednoginity in regression analysis. 2. Explains concisely what is meant by ' the identification problem'' in the context of l
Population census: A population census is the head count of people living in a geographical area or in a country. A population census collects comprehensive data on people to
An economy has only one member Robinson Crusoe. Robinson allocates his time between fishing and collecting fruits. One hour spent finishing yields 4 fish. One hour spent collecting
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