questionexplain the relationship between scarcity
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questiona differentiate between returns to factor and returns to scaleb in the long-run the average cost curve is u-shaped discussc whenever a firm
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questionexplain the relationship between scarcity choice and opportunity costin a capitalistic system consumer sovereignty is the key explain and
questiona explain the law of demand and the factors affecting demand for a product or serviceb explain and illustrate diagrammatically how the market
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question1 explain the term balance of payments bop and how a government would intervene to correct a bop deficit2 explain the protectionist measures
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