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assess whether market economies have been more successful than planned economies in providing welfare for citizensthe student is expected to outline
why and how are economists attempting to create more accurate measurements of developmentthe why part is simply because of the complexities built-in
what is the role of profits in a market economy profits act as an incentive to producers and potential entrepreneurs and also as a signal to both
how might one assess if a country in experiencing both growth and developmentthis is a matter of explaining clearly both growth and development
use a ppf to explain the difference between actual and potential growththe ppf shows possible output taking into consideration all factors of
explain opportunity costs using a ppf where investment goods are on one axis and consumption goods on the otheragain a good definition of opportunity
why is the concept of scarcity relevant to both ldc s and mdc sall societies throughout time have wrestled with the basic economic conundrum of
a country s choice among the production of education and nuclear submarines is an issue of opportunity cost explain the issue using a ppfresources
use a ppf to explain the trade-offs that all economies face all countries must construct some sort of system whereby output allocation and
if at point a sacks of rice is 205 and sacks of corn is 0 what is the decrease in rice
a consumer consumes only two goods x and y is in eqillibrium price of x falls explain the reaction of consumer through utility
mamun has a weakly income of 600 dollars price of chocolate is 5 dollar and price of potato is taka 10 both are normal goods show the income and
pls i want to estimate a cost function for the data i coollected from a research on cassava production i have the cost for each input and output but
given that tc100010q-09q2004q3find the rate of output q that result in minimum average variable
in november 2010 every mzumbe university student had an income of 150000 per monthfacing the price of meal x 1000 and average price of other goods y
research has revealed the following information about the market for thomas chocolates the demand schedule can be represented by the equation qd850
the following information applies to the market for a particular items in the absence of a unit excise tax price per unit
what is the combined total demand schedule for delgian cocoa beans that european and usa consumers
suppose a monopolist faces a demand curve of dp10-p and has a fixed supply of 7 units of output to sellwhat is the profit maximimising price and what
igora3939s pizzeria want to know if it should stay open this spring total revenue will be 12000 per week and total cost will be 18000 per week the
questiosuppose the us and mexico both produce semiconductors and auto parts and the us has a comparative advantage in semiconductors while mexico has
1 why does inflation make nominal gdp a poor measure of the increase in total production from one to the next how does
fiscal policyfiscal policy refers to the management of government spending and tax policies to influence total desired spending so as to achieve the
functions of moneymoney performs several important functions it serves as a medium of exchange a unit of account a store of value and a standard of