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what are the recommendations for effective economic planning?
Name the two actors in the basic neoclassical (or traditional microeconomic) model of economics, and identify the assumptions the model makes of these two actors. Firms and hou
Problem 1: i) Is Protectionism always beneficial? Discuss. ii) To what extent can a country actually rely on the principle of Comparative advantage before engaging in in
what are he uses of a balance of payement
what will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
how does utility figure in the analysis of consumer demand
What is the difference between GDP and GNP? Gross domestic product (GDP) is the value of the total final output formed inside a country, during a given year. GDP, like all mea
state 3 major assumptions which a production posibility is based
Uses of population census: It is used to determine the size and the growth rate of the population at a country. The helps the government in planning for education, transporta
1. Why does inflation make nominal GDP a poor measure of the increase in total production from one to the next? How does the U.S' BEA deal with the problem inflation causes w
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