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BBA1 Economics Assignment Answers

QUESTION 1 (20 MARKS) List and briefly explain the four participants who influence the flows of production, income and expenditure in an economy. (12) Draw a production possibility frontier showing a combination of two goods that a country could produce, and an area of inefficiency and another that is unattainable. (8) QUESTION 2 [26 MARKS] Explain why international trade takes place by discussing these two concepts […]

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