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Willing to pay more for a diamond
people are willing to pay more for a diamond than for a bottle of water because a. the marginal cost […]
Government redistributes income
When the government redistributes income from the wealthy to the poor: a) Efficiency is improved, but equality is not, b) […]
price elasticity of demand for corn
Question : Last year the price of corn was $3 per bushel and the quantity of corn demanded was 8 […]
Monopoly
Advantages and disadvantages of monopoly A seller selling an exclusive and special product tends to dominate the market. If […]
Location and localization of industry
Distinguish between location and localization of industry Location of an industry is the setting of economies of scale in pre-decided […]
Economics detailed question
Q: match each consumer protection agency with its objective Ans: Food and drug administration- protect the people /public’s health by […]
Marginal Utility and Impacts of Labor Union
Part III Deliverable Length: 600–800 words The government decides to tax cookbooks because they feel that they encourage overeating and can lead […]
Economic Growth MCQs GDP & Supply Shock
PART 2 11. Which one of the following statements correctly describes real GDP? A. Real GDP measures the total dollar value of […]
