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Q. What do you mean by Benefits?
The benefit of a project, policy or programme is the positive, expected aspect of an outcome, including the improvement in environmental quality or environmental protection, which will flow from it, but also add other improvements - for example, in social benefits, cost savings, such as health, convenience, or general welfare.
How are consequences of economists used? Economists generally use efficiency, information, equilibrium and incentive compatibility like focal points, and examine the consequenc
observations and result
1). Define and explain the concept of an externality. Provide examples of both positive and a negative externality. 2). The Prisoner's Dilemma Exercise:
what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?
under which market structure does the banking sector fall?
The government notices that there is an output gap and decides to increase government spending with a stimulus package of $4 trillion in hopes that it will spur growth and stop une
MRP Technique- Sectoral Distribution of Targeted Increase in GDP There are two ways of increasing the GDP: (i) Project and accomplish the growth in various sectors through
how do you calculate opportunity cost
demand curve
The price of petrol fell during the past year. a. Explain why the law of demand applies to petrol just as it does to all other goods and services. b. Explain how the substitu
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