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What does ceteris paribus mean in economics? Explain your answer. How do you distinguish a good from a service? What do economists mean by rational
- What does ceteris paribus mean in economics? Explain your answer.
- How do you distinguish a good from a service?
- What do economists mean by rational behavior?
- Why money is not considered a capital good in economics?
- What does a production possibilities frontier (PPF) show? Why a combination below PPF is called inefficient?
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Consumer Behaviour
Authors: Evans, Martin Evans
2nd Edition
0470994657, 9780470994658
