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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?
QUESTION (a) Explain the relationship between scarcity, choice and opportunity cost. (b) Distinguish between centrally planned, laissez-faire and mixed economic systems rega
What is exceptional supply curves
The Concept of Equity is explained below: Equity represents that the principle of taxation which emphasizes fairness or just the sacrifice, which is everyone must pay the tax d
Explain for each of the sub-variables the positive or negative implications the environmental factor could have on the cereal category in economis aspects
Problem 1: (a) Suppose the government decides to implement a minimum wage to help low-income workers. How will the minimum wage affect the demand for labor and what does this i
Importance of production.
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EXPLAIN WHY INTERDEPENDENCE IN OLIGOPOLY RESULTS IN A TENSION BETWEEN COOPERATION AND COMPETITION.
1500 word essay
summary
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