In a competitive economy with no government sector:
a. goods with spillover benefits will not be produced at all.
b. there will be too few public goods produced.
c. goods with spillover costs will be underproduced.
d. too few resources be allocated to each industry.
Question 2
Alpha can produce either 18 tons of oranges or 9 tons of apples in a year, while Omega can produce either 16 tons of oranges or 4 tons of apples. Which of the following exchange rates between apples and oranges would allow both Alpha and Omega to gain by specialization and exchange?
a. 1 ton of apples for 3 tons of oranges
b. 3 tons of apples for 3 tons of oranges
c. 2 tons of apples for 3 tons of oranges
d. 1 ton of oranges for 0.2 tons of apples
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Relationship Between Physical Activity and Improved Health Benefits
North America and the Global Economy
Lineweaver–Burk plots of the reactions with and without a competitive inhibitor
Benefits and Drawbacks of Aquaculture "فوائد وعيوب تربية الأحياء"