Question
Individual budget constrains vary greatly among nations as per average income (total income/population) Apply the economizing problem concept to your family income and draw a
"Individual budget constrains vary greatly among nations as per average income (total income/population)"
Apply the economizing problem concept to your family income and draw a budget line abd show what is attainable and unattailable
how your family will trade-offs?what is the oppertunity cost to your family? how your family collectively contribute to achieve that unattainable combination?
compare UAE's nationals per capita income with that of world top 3 countries and analyze what needs to be done and what will be your contribution in order to increase the average income of UAE nationals?
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