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Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it before you read the answers....

Absolute advantage: A country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of another country. Ad valorem taxin Latin: to the value added) - a tax based on the value (or assessed value...

National Income Accounting Important Questions for class 12 economics  Methods of Calculating National Income 1. Methods of Calculating National Income (i) Income method (ii) Expenditure method (iii) Product method or value added method or output...

Isaak Dashkovskii Under the Banner of Marxism (№ 1, 1927) . . . Translated by Noa Rodman with light edits by Ross Wolfe. Still waiting on a full copy of the Russian to go over some of the rougher sections. English is not Noa’s first language, to my...

THE WORLD FOOD CRISIS The World Food Program’s description of the global food crisis raises the specter of a natural disaster surging over an unaware populace that is helpless in the face of massive destruction. With billions of people at risk of hunger...