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What are the advantages of leaving the allocation of a countrys resources to the price mechanism? Ans) The main conditions needed are: 1. Either a finite number of agents or pr
Neoclassical economics is dominant approach to economics currently taught and practiced in most of the world (and particularly dominant in Anglo-Saxon countries). It attempts to ex
What are the uses of elasticity’s to the public sector and private sector?
how to solve Min (x+y/2, 2y+x, 3x)
Use of Resources - INTERNATIONAL MONETARY FUND: IMF provides temporary assistance to member-countries to tide over balance of payments deficits. When the country requires fore
mancosa assignment
identify three factors to criticize the theory of consumer behavior or utility theory
using demand and supply curves explain how shortage and surplus are created
discuss whether marginal utility is a realistic piece of economy analysis in a consumer demand
What are the three approaches to measuring GDP? The three approaches are: a) The production approach, b) The spending approach and c) The income approach.
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