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QUESTION
(a) Explain what factors might determine the level of investment in an economy.
(b) ‘If investment increases it will cause an increase in income. If income increases it will cause an increase in investment'. Discuss whether both these statements can be true.
(c) What are the functions of the central bank?
What is a developing economy? To say a country is developed or developing needs indicators. For illustration: • The World Bank classification utilises one economic indicator
QUESTION (a) Define a public good and discuss how free riding might be a problem in the provision of a public good. (b) What is the rationale for government intervention in
two political party called hawks show apoint ppf that the hawks might choose and a point the doves might choose
QUESTION a) Differentiate between price, income and cross elasticity's of demand. b) How can the concept of price elasticity be useful to the owner of a supermarket who want
In brief, the price of anything is based on comparative benefit. If Adam makes clocks better and cheaper than Bill, all clock production should go to Adam.
What are the restrictions of unbalanced growth? The restrictions of unbalanced growth: • Frequently governments go for high status, capital-intensive and high tech projects
1. Consider the market where there is product differentiation with two firms. The firms are choosing prices p1 and p2 and have demands given by q1 = 40 - 0.5 p1 + p2 q2 = 60
explain ththe test marketing approaches followed by fmcg companys
How to record shares for a company for a project
critically analyze the applicability of the Marris model in the beverage manufacturing company
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