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(a) Describe the different types of inflation in a country.
(b) Describe the trade-off between inflation and unemployment, using appropriate diagrams.
(c) Mauritius has been facing high rates of unemployment during the last few years.
i ) What reasons could explain such a surge in the unemployment rate?
ii ) Describe the measures that the government has taken to curb the unemployment problem.
We discussed why economists prefer to use available statistics and econometric techniques over other means of measuring consumer demand. Write a short essay describing a situation
Who are the competitors in the jarred baby food market? What market share do they have? How do Heinz and Beech-Nut compete with one another? Are the barriers to entry high or low f
Marginal Product (MP) of a Factor: From the above mentioned production function, immediately we can study the effect on total output when there is a variation in labour utlili
#question.explain three neccessary condition to achieve pareto efficiency.
how can a price ceiling make consumers better-off? under what conditions might it make them worse off?
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explain 6 factors that determine volume of production
Example: The Value of Clean Air Air is free in sense that we do not pay to breathe it. Question: Are benefits of cleaning up air worth the costs? People pay extra to buy
give me answer of theory of product prices
. Crumble Corporation produces cookies. Here is the relationship between the number of workers and output (in dozens of cookies) in a given day: Workers Output Marginal Product
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