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Suppose taht two people, Michell andJames each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle
Optimum currency area: An optimum currency area (OCA), also known as an optimal currency region (OCR), is a geographical region in which it would maximize economic efficiency
edge worth model
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 prevention of major swings in economic activity cn be handled most easily by the financial or government sector?
What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss
williomson''s model of managerial discretion
Capital Gain: A capital gain is a form of profit which is earned on an investment by re-selling an asset for more than it cost to buy. Assets that can be purchased for this purpose
What the definition of microeconomic
describe who gets hurt in a recession, and how.
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