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1- Explain how a policy mix (like the one used in 1990s) could help reduced to eliminate the budget deficit without having an adverse effect on the output. Illustrate your answer
Name the five types of capital. The five types of capital are: natural capital, manufactured capital, human capital, social capital and financial capital.
construct your own version of a production possibility curve and use it to explain scarcity, opportunity cost and choice
What is the impact of microeconomics on economy?
what is mrs
why diminish MRS?
what is tariff and qouta
Briefly discuss the components of macroeconomics system with suitable explanation
what is market equilibrium and disequilibrium?
Short run equilibrium - Perfect competition: In the short-run, the perfectly competitive firm maximizes its profit by producing output where MC=MR=P. This is shown in the diag
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