Fewer also fewer barriers to trade

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Reference no: EM1313837

Q1. 1. Illustrate what factors led to the collapse of Easter Island?

2. Are the lessons of Easter Island applicable on larger scales also in modern times?

3. Why or Why not does the concept of "Island" apply to our planet as a whole?

Q2. The increase in consumer surplus is being driven by two main factors. F irst, increased competition necessarily leads to innovation also lower prices. As price falls, consumption increases also so consumer surplus. Â Secondly, with fewer also fewer barriers to trade, countries are able to focus on producing those goods also services which they are best

Reference no: EM1313837

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