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International trade: International trade refers to the exchange of goods and services between countries. Goods sold to other countries are referred to as exports and goods bou
What would be a factor that would make the prospects hopeful for overcoming the demand for resources in the future
What is the difference between price value and price level? Price value is the value of commodity bought by the consumer at a certain price from the market, while, price level
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
Why some country saving less and consumption more?
Identify path of growth and development to economic maturity.
Summary of Educational Planning and Economic Growth An economy with scarce resources and enormous needs and aspirations requires planning. This is true of the education sector
Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the
Market demand and supply of a good is shown by QB = 2,160 - 180P and QS = -2400 + 300P where QD, QS and P stand for quantity demanded, quantity supplied and price respectively. (a
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