Distinguish resource market and producer market
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Discuss in detail ONE factor of how government involvement in the marketplace can impact or not impact the economy
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Explain with the aid of a diagram how the market adjusts to (i) an increase in money supply (ii) an increase in real GDP
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Assignment: Distinguish between the resource market and the producer market in a circular flow model.
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Without government intervention, what would be the equilibrium amount of chocolate produced? What is the socially optimal amount of chocolate production?
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Kidney's (transplant) are not allocated through markets. What are the pros and cons of switching to a market for kidneys?
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