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What is the difference between GDP and GNP? Gross domestic product (GDP) is the value of the total final output formed inside a country, during a given year. GDP, like all mea
diagrammatically condition of consumer equilibirium
Inflation is not possible under the gold standard.” Is this statement true, false, or uncertain? Explain your answer.
Pollutant Any substance, species produced either by a natural source or by human activity, which produces very adverse effect on the environment is called pollutant. Some commo
contrast the longrun equilibrium positions of monopolistic competition firm and oligopoly
The "Battle of Sexes" is a famous game. The story is that a couple tries to decide what to do on a Friday evening. The girl prefers to go to an Opera and the guy prefers to go to t
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
How might an accurate value for the multiplier aid a government in setting fiscal policy? Any given multiplier will enhance national income at a given rate times enhance in gov
More details on mixed bundling
Neutrality: Bureaucracy is apolitical and neutral. Prof. Frocderich mentions the following features of bureaucracy: (i) differentiation of functions, (ii) qualifications for o
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