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4) The prevention of major swings in economic activity can be handled most easily by the A. household sector B. business sector C. financial sector
Question: (a) Using an example, differentiate between private, social and external costs and benefits. (b) With the use of a diagram, describe the difference between profi
Hi I need help with elasticity. I think the problem has already been posted to your site.
concept of risk analysis
Production: - Firms should choose how much of each to produce. - The alternative quantities can be illustrated by using product transformation curves. Product Transforma
The Budget Line The line BB gives the persons budget constraint. It is described by the linear equation c + wl = w; which can be rewritten as c = w - wl: The budget li
How are the limitations of the economics theory affected? Limitation of Economic Theory: While examining the generality of an economic theory, one must realize any assump
Consider the following information relating to the pulp market. Demand Supply Output(tonnes/ da
Gross Domestic Product, Deflator: A price index that adjusts the overall value of GDP according to average increase in the prices of all output. GDP deflator equals the ratio of no
What are the economies and diseconomics of scale?
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