What are the limitations of Circular Flow Model
What are the limitations of Circular Flow Model?
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1. Does not depict transactions between households and between businesses.
2. Ignores government and the “rest of the world” in the decision-making process.
3. Does not explain how prices of products and resources are actually determined.
Illustrate several theories about causation?
Conception of the “Invisible Hand” by Adam Smith relies on mechanisms like those as underpin: (1) William Stanley Jevons’ “sunspot” theory of business cycles. (2) the biological concept of Homeostasis. (3
What are the major provisions of GATT
What 2 points are required to emphasis foreign exchange market?
How can we evaluate cost of capital?
numbers of sellers in pure competition?
Illustrate major economic flows that link U.S. with nations. Provide an example to illustrate each flow. Explain the relationship between the top and bottom flows.
Quantity TR TC 0 $0.00 $10.00 1 $150.00 $30.00 2 $290.00 $50.00 3 $420.00 $80.00 4 $540.00 $120.00 5 $650.00 $170.00 6 $750.00 $230.00 7 $840.00 $300.00 8 $920.00 $
Illustrate the 2nd function to promote and maintain competition?
Give a brief introduction of the term Cost of retained earnings?
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