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(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
discuss the trend and composition of national income and per capital income
what are tne methots of demand forecasting ?
definition
illustrate and explain the changing demand for big mac using the indifference curve and budget line
Consider the market for purple magic markers. The demand for purple magic markers is perfectly elastic and the supply is upward sloping. If sellers of purple magic markers are taxe
Surplus: Anysector or agent in economy (business, householdor government) experiences a surplus when its income surpasses its expenditure. Surplus, Economic: For the economy
Solve equation P=200-Qs and Qs=4.5p +5
How has the haberler''s theory of opportunity cost been an improvement over the classical theory of trade
TRADE policy: The well known economist D. H. Robertson has immortalized the role of trade in development with his famous statement that "trade is an engine of growth". The pol
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