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How can we compute operating leverage?
Mutually beneficial exchange is probable whenever relative production costs vary previous to trade, is a manner to state the law of: (1) Positive profits from trade. (2) Comparative benefit. (3) Specialization and Division. (4) Purchasing power parity
The perfectly competitive market structure benefits consumers since: w) firms do not generate goods at the lowest possible price within the long run. x) firms are forced through competitive pressure to be as efficient as possible. y) firms add a much
Briefly state the pros and cons of Corporation?
Illustrate Qualification in International Trade?
Describe briefly Distinction between the term Component cost and Composite cost?
How market system promotes technological improvements?
Why entertainment tax comes in indirect tax? Answer: Since its burden can be shifted to others.
Why is the problem of unemployment a part of the subject matter of economics?
Economics as a science:We no longer ask the problem whether economics is an art or a science. Science is a systematized body of knowledge. Merely as physics and chemistry are sciences, econo
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