Should third World limit pollution
‘In developing countries there are some controls on aspects of pollution like exhaust fumes. How would you evaluate whether these countries, from their point of view, must invoke legislation to enhance the atmosphere in these respects?’
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It relates welfare economics to this significant question which frequently gains media attention. This considers the opportunity cost of these controls.
I have a problem in economics on Social Welfare and Value of Marginal Product of Labor. Please help me in the following question. The social value of additional output from the additional units of labor is: (i) Marginal revenue of the product of labor
Babble-On maintains world-wide patents for software which translates any of three-hundred-thirteen spoken languages within text, along with automatic audio and text translations within any of the other three-hundred-thirteen languages. Babble-On's profit-maxim
The idea which harsher and more certain punishment decreases cheating on examinations recommends that: (i) Normative values must guide the positive economics. (ii) Student honesty has refused in recent years. (iii) Macroeconomic reasoning as well applies to microecono
Supply curve of the labor is LEAST probable to be ‘backward bending’ for: (i) An individual worker. (ii) The economy as an entire. (iii) Highly specialized industries which are major employers of the specialized PhDs hired only after 10 years of experience
A financial system's main economic reason is to: (w) channel savings to more efficient and productive uses. (x) print money to assist the government. (y) increase the money multiplier. (z) protect individuals against recessions.
Elucidate the Primary functions of money. Answer: Primary functions: 1) Medium of Exc
I have a problem in economics on Income related to positive demand. Please help me in the following question. The goods for which the demands are positively related to income are termed as: (i) Normal goods. (ii) Inferior goods. (iii) Substitute neces
Can someone help me in finding out the right answer from the given options. The diminishing marginal utility law defines that: (i) Net utility rises up to a point and then reduces as more units of good are consumed. (ii) Net utility reaches a negative value if the goo
Patents are illustrations of: (a) legal economies of substitution. (b) legal barriers to entry. (c) natural barriers to entry. (d) marginal diseconomies of scale. Can someone explain/help me with best solution about problem of
When the distributions of income were suitable, when there were no externalities, and when the economy was purely competitive, in that case market forces would yield production and distribution of penicillin consequent to: (i) point a. (ii) point b. (
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