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Given the above trade between the two countries, explain the trade effects on product prices, and factor incomes. Why do these effects occur?
Explain what convex indifference curves means in terms of marginal utility. What properties must a utility function have in order to obtain convex indifference curves?
SUPPOSE MR.CHANSA DEPOSIT HIS MONEY INTO BANK-B,HOW WOULD THE T-BALANCE SHEET LOOK LIKE FOR BANK-B
Macroeconomics deals with the economy as a whole. The millions of individual microeconomic decisions of the people, businesses, and government in their totality represent a nation'
1. Should each person behave in the workplace the way they do at home? Or should each person have a separate set of ethics for each part of their life? 2. What if you are the bo
assuming that B=0.33 Y1998=[0.33]Y1998 Estimate the permanent income for 1998
1. Christopher has $200,000 to invest, and he is considering the following business opportunity. He would use his $200,000 to buy a mechanical self-service car wash. He'll earn $40
Monetarism This school argues that disturbances within the monetary sector are the principal causes of instability in the economy. According to monetarists, the money supply i
Are there any current subsidy or welfare issues that are being discussed or addressed in parliament or in municipalities
describe how open market policy can be used to stimulate economic activity in the country
what is phillips curve
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