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What is the opportunity cost of economic growth?
Opportunity cost measures the cost of an economic option within terms of the next best option foregone.
The government of a developing country only meeting its important wishes may chose to reallocate resources through the production of consumer gods to investment the goods.
Opportunity cost of economic growth: The economy moves from A to B
The short run opportunity cost of HG additional investment is ED lost consumer goods probably essentials. People might starve for additional producer goods.
: Suppose that 100 people live around a hazardous waste dump. If the people continue to live there for 20 years, one of them will likely contract a painful, non-fatal cancer that w
Joe has preferences over pizza (p) and beer (b) given by U = pb. The marginal utilities are MU p = b and MU b = p, and Joe's income is I = 60. 1. Find Joe's optimal consumptio
Singer suggests that although the right to sell blood does not threaten the formal right to give blood, it is incompatible with "the right to give blood, which cannot be bought, wh
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#discuss the arguments for and against the use of trade barries in anay counrty
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If population growth carry on then there will not be sufficient resources around for everyone this will lead to an event such as famine / war, which will decrease the population.
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