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Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?
in the keynesian model, the price is assumed to be what?
define economics in plural sense. .
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
If there is an industry and some of the companies get shut down, how would you graph the short run and long run effects
What are the main weaknesses of using demand-side policies? Trade-off issues a) Growth and low unemployment often come with inflation b) Government stimulatory policies m
World Trade Organization: An international economic organization based in Geneva, Switzerland,formed in 1995 which is dedicated to promoting greater trade and investment among its
concept of supply and the factors that affect the supply
Exchange Rate Policy: LERMS, a dual exchange rate system, was introduced in the Budget for 1992-93. Under this system, 40 per cent of foreign exchange earnings were to be sur
Explain why both the PES and PED tend to be inelastic in the short run for primary goods. PED deals with (primarily) the ability and propensity of consumers to switch to other
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