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Compare and Contrast Classical and Neo classical theory of interest
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
DISCUSS THE COMPENSATION PRINCIPLE OF KALDOR -HICKS
What are the most important challenges that economists try to address? (ii) What is the role of government in a market based economy? (iii) Who are the main economic players and w
(a) Explain why the Pareto criterion does not provide a complete ordering of the ordinal utility space (b) The competitive equilibrium is the only allocation where the gain
Illustrate the content in the rational consumer? Content in the rational consumer: a. How to spend income onto goods and services? b. Why maximizing usefulness? c. Wh
Three factors that determine demand for coffee and tea
what happens when price is fix and there is a change of the supply and demand curve
The Demand Curve - The demand curve exhibits how much of a good consumers are ready to buy as the price per unit changes keeping non-price factors constant. - This price-qua
Q. Define government surplus? Surplus, Government:It's a government surplus exists when a government's tax revenues surpasses its total spending (including both program spendin
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