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explain the cobweb model of equilibrium
Why some country saving less and consumption more?
Risk Neutral - A person is a risk neutral if they show no preference between certain, and an uncertain income with the same expected value.
when price falls
Welfare Analysis 1-Of the following four institutions for allocating apartment to different people at different prices i. The competitive market ii. A discriminatin
Low levels of productivity: In addition to low standards of living, developing countries are characterized by relatively low levels of labour productivity. Throughout the dev
define and explain the concept of social efficent production
1. Consider the consumption decisions of R.B. Turbo, a new student at Teachers College, Columbia University. Ms. Turbo has only available $1,000 in monthly income to spend on food
law of diminishing marginal utility its assumptions, limitation, and its practical importance
Building up a Stable and Viable Export Production Base: It is necessary to make a deliberate production plan and to earmark a part of production for export even if there is a
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