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What is the concept of the development? The concept of the development: Development is a complicated multi-dimensional concept to do along with enhancements in the human
What is the graph of the production possibilities frontiers for the American and Japanese economies if American worker can produce 10 tons of grain a year and Japanese worker can p
Unemployment: Unemployment refers to a situation where people who are willing and able to work do not find jobs at the existing wage rate.For a person to be referred to as une
Determine The Rule of Divergence in General Though even if attention is confined to non-communist-ruled economies there still has been huge divergence in relative output per w
In 1939 the U.S. economy was operating where in the production possibility curve?
Discuss how the opportunity cost principle influence a supplier''s decision to supply labour
In the short run, the size of the plant is fixed whereas in the long run a firm can adjust its plant size. One of the choices in the long run will be the short run plant size. That
identify which curve (demand or supply) will be affected?
Explain how normal profit and abnormal profit differ. Normal profit (breakeven) - which must contain commentary on the inclusion of opportunity costs. Abnormal profit should be
what is isoquant ?
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