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National income: The national income or product or expenditure provides a measure of total value at factor cost of final goods and services, which are available either fo
compare and contrast adam smith''s theory of absolute advantage theory and david ricardo''s comparative advantage theory of international trade.
using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?
#question.explain three neccessary condition to achieve pareto efficiency.
What is significance of methodological economics...
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
Question 1: (a) Describe what is Economic growth and describe its relationship with standard of living? (b) Assuming you are the government economist, what policy measures
1. What is the relationship between a firm's total revenue, profit and total cost? Give an example of hypothetical data and draw the curves. 2. Define economies of scale and e
how to differentiate the exeptional demand and exceptional supply?
7.Consider the following production possibilities table: Option Y X A 0 100 B 80 80 C 120 50 D 140 10 a)Provide a measure of the approximate marginal opportunity cost of
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