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Q1. To measure Elucidate how productive workers in the economy are, the best measure to utilize would be
Q2. Elucidate how can you immediately if the existence of government-granted monopolies for public utilities such as natural gas distribution also electricity in the light of traditional economic argument which the more competition there is, the more likely it is which an efficient allocation of possessions will occur?
Q3. Clearly identify at least three such factors which in your view should be included in the GDP calculations. Elucidate how they will help to improve the GDP as a tool for measuring the well-being of a nation.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
Opponents of NAFTA point out that pollution is largely a free good in Mexico also that being free to pollute gives industries in Mexico an economic advantage over those in the U.S. also Canada.
Explain the process of how that movement occurred using behaviors of consumers and suppliers. Graph the movement between the two points as well.
At present, the original manufacturer is deciding either they should continue production of toy truck.
Explain how advertising did or did not play a key role in your decision to purchase which product. Why might it be excessive at times.
If this price floor is implemented, how many units of pork will the government are forced to buy to keep the price at $2.25.
Conditions that exist when they shut down their operations and the conditions that exist when they resume their operations.
Is the student necessarily better or worse off than before from such a transfer implied by consultant A.
Wheat farmers will receive total revenues from consumers and the government totaling
Price ceiling is the law that sets a maximum price below the equilibrium market price, but a price floor is the law that sets a maximum price above the market equilibrium price.
Which resource of production is the only one which nations can significantly increase in the short term.
Illustrate what are the different types of inflation. Elucidate why is it important to know which type of inflation we may be experiencing.
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