What is an Economic Territory
Economic Territory: This refers to the region of a country where there is a free movement of goods, capital and human resources.
Elucidate reallocation of resources?
Difference between normal goods and inferior goods. Give illustration.
Elucidate facilitating factors that explain the growth of trade?
When given resources can now produce additional goods than was previously probable, then there have been a: (1) Stock market boom. (2) Competitive spurt which shrinks entrepreneurial gain. (3) Concavity reversal in the production possibilities frontier. (4) Bigger rel
Illustrate the rate of exchange of two products?
The dataset used in this question contains data on 180 economics journals for the year 2000. The variable descriptions are as follows: logoclc - log of the number of library subscription loglibcit - log of the library subscription price per citation.
Use two market diagrams to explain how an increase in state subsidies to public colleges might affect tuition and enrollments in both public and private colleges.
Question: You are given the following data about two firms: FIRM A Quantity 0
Illustrate and clarify the economizing problem?
What is the opportunity cost of attending college? In 2000, nearly 80% of college-educated Americans held jobs, whereas only about 40% of those who did not finish high school held jobs. How might this difference relate to opportunity costs?
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