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It refers to the study of feasibility of a project in terms of its total economic cost and total economic advantages.
It means to compare total cost with total advantage if we add external cost with private cost, its known as total social cost if we add external advantage with private benefit, known as total social benefit.
why is international trade important for south Africa
An unanticipated demand-pulled inflation would normally lead to all the following problems except?
This problem substitutes financial health with housing in a 2 period consumption savings model. The representative consumer has the utility function u(c1, c2) = lnc1 + lnc2 with ea
How can an economic development be measured? The UN has developed an extensively accepted set of indices to measure development in opposition to a mix of composite (element or
Explain clearly the liquidity preference theory of interest propounded by j.m.keynes
Macroeconomic policy Macroeconomic policy trade-offs are likely along the short-run Phillips curve however are not maintainable in the long run. In the short run a government
Lucas’ point of view, what are the limitations of the Keynesian model? What improvements does he suggest?
7 people have jobs, 3 want to work but are not, and there are 20 adults. What is the participation rate?
Store of value - Economic functions of money If you are a fisherman and have a temporary surplus of fish that you want to store for the future, storing the fish might not b
difference between gdp at market price and nnp at factor cost
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