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using the tools of an indifference curve and isoquent, highlight on consumption and production in business economics.
How has the Harberler''s theory of opportunity cost an improvment over the classical theory of trade?
What simplifying assumptions does the traditional macroeconomic model make (in addition to those made in the NIPA)? The simplifying assumptions are: 1) The household and i
why can methane not be prepared by this reaction
What is the purpose of the IMF and why might the IMF be called the “lender of last resort”? Discuss how three of the tools they use for establishing economic stability in a country
Explain the meaning of the statement "coffee and tea are close substitutes".
RATIONAL EXPECTATIONS AND ECONOMIC THEORY : We assumed above that the role of economic theory is not to provide quantitative predictions about the future. Suppose we assume ins
types of market competitions
Inflation is not possible under the gold standard.” Is this statement true, false, or uncertain? Explain your answer.
Demonstrate mathematically that the equilibrium condition MRS PB PA is the equivalent of the utility-maximizing rule MU AP A MU B PB .
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