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BEC 3102 Introdcution Principle S of Micro Economics
BEC 3102 Introdcution Principle S of Micro Economics
BEC 3102 Introdcution Principle S of Micro Economics
(10 marks)
Required:
a) An economy that is producing inside its production possibility curve is not efficient show
this graphically and discuss the causes of such production level (10 marks)
b) Define mobility of factors of production and discuss barriers that may hinder mobility of
labour (10 marks)