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.
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Price discrimination implies: (1) charging different prices for identical goods that have identical production costs. (2) paying wages based on race or sex quite than productivity. (3) exploiting the working masses by charging the highest single price
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