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Explain welfare grants and subsidies
1.what is price mechanism? 2.how does price mechanism benefit an echonomy. 3.what are the characteristics of a centrally planned economy?
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when total production fall what,s the status of average product and marginal product
Define the price ceiling A price ceiling is a highest price that sellers can charge for a product.
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Adding the economic activities of government to the circular flow model shows that: 1. Government spending creates inflation 2. Government purchases of goods and services,
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Summarize the four supply factors in economic growth.
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