Business, 14.07.2019 07:30 gabrielolivas59
Markets are often inefficient when negative externalities are present because a. externalities cannot be corrected without government regulation. b. private costs exceed social costs at the private market solution. c. production externalities lead to consumption externalities. d. social costs exceed private costs at the private market solution.
Answers: 1
Business, 22.06.2019 00:50
Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?
Answers: 1
Business, 22.06.2019 10:00
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Business, 22.06.2019 16:40
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Business, 22.06.2019 17:30
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Markets are often inefficient when negative externalities are present because a. externalities canno...
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