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Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
substitution and income effect on inferior good
u=2x^2+3y^2 hence income=310 birr and price=3 birr calculate quntity of x and y the optimize&minmize utilityfor the given income
explain economic growth
Ask q3x+5=20 uestion #Minimum 100 words accepted#
Protection against dumping: It could be looked at as the export of commodities priced below cost of production. Dumping is generally looked upon as an unfair trading practice
In markets, the invisible hand allocates resources efficiently a. in all cases b. when there are positive externalities, but not when there are negative externalities c. when there
what is rational decision and why it requires one''s choices be consistent with one''s goals?
who is a rational producer?
Explanation
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