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Composition of Trade: It is indicative of the structure and level of development of an economy. For instance, most of the UDCs depend for their export earnings on a few primar
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities?
how to draw a table of the demand and supply scdule
Problem 1: (a) Explain the meaning of inflation. (b) "Inflation is always and everywhere a monetary phenomenon." Discuss this statement. (c) Briefly explain the link betw
Why is the goal of stability and security important to many people? What problems typically emerge during periods of instability? The instability over the business cycle can b
The government has undertaken a highway bridge project that was originally projected to cost $2 million and provide benefits of $2.5 million. Unfortunately, the costs have been mu
Explainbainlimitpricetheory
How do I draw and interpret a combined ppc curve?
In equilibrium, what are the letters and the total dollar amounts that correspond to the area for the... i. Original Consumer Surplus? ii. Original Producer Surplus? iii.
The basic concepts of price theory
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