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What are the various forms of aid a developing country might receive?
Here the student must show clearly the difference between grant (donor) aid; reciprocal (tied) aid; bilateral aid; multilateral aid; soft loans; and writing off debt. For higher marks, the student should not simply list several types, but be able to give examples and perhaps put into context.
What are the properties of compensared demand function
explain the fundamental task of economic system usin tomatoes as an example
why risk averse consumers pay premium for insurance to convert an uncertain outcome to a certain one?
How we constract the cost structure of firms
all the problems involved in measurement of profit
Allocative efficiency criteria are satisfied by the competitive model. Because P = MC, in each market in the economy there is no over- or under- allocation of resources in this ec
For the pizza seller whose marginal, average variable, and average total cost curves are shown in the graph below, what is the profit-maximizing level of output and how much profit
keynsian cross model
If at point A sacks of rice is 205 and sacks of corn is 0. What is the decrease in rice production?
Draw an indifference curve for consumption and hours of work. (Hint: in class we discussed indifference curves for consumption and hours of leisure, this is different.)
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