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How rational impact on economic development of a country

Assignment:

Discuss the effectiveness of the slave redemption programs in Sudan when it is assumed that the elasticity of the supply of slaves is perfectly inelastic. Use a supply and demand diagram to help illustrate your response.

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What do you mean by ‘Rational ignorance? How rational ignorance impact on economic development of a country? Explain giving examples.

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Microeconomics: How rational impact on economic development of a country

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