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1) What are the most important challenges that economists try to address?
(2) What is the role of government in a market based economy?
(3) Who are the main economic players and which are the most important factors of production in California?
(4) How can we expand the production possibilities curves? (give some examples at macro- and micro-economic levels)
what is pure competition markets?
diagrammatically condition of consumer equilibirium
Explain the roles of economics theory. Roles of Economic Theory An economic theory has three probable roles: a. This can be used to describe economic behavior and economi
Ways in which the markets fail and discuss why government intervention is justified and whether government intervention works or not.
PRODUCTION AND PRODUCTIVITY DIAGRAM BEHAVIORAL RELATIONSHIP
consumer=m with the help of indifference curve analyis
Attitude towards Risk: Let's assume the following: The utility function • has the single argument "wealth" measured in monetary units, • is strictly increasing, and
Movements of the demand curve itself, either to the left or right are known as changes in demand. A change in demand is caused by a change in one or more of the nonprice determina
Question: There is widespread belief that the process of globalization has largely bypassed Sub-Saharan Africa, leaving the sub-continent in a state of marginalization in the w
ADVANTAGES AND DIS ADVANTAGES OF MONOPSONY
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