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Author Question: Refer to Figure 7-1. Marginal private benefit is represented by which curve? A) D2 B) Supply C) ... (Read 63 times)

student77

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on: Jun 29, 2018
Refer to Figure 7-1. Marginal private benefit is represented by which curve?
 
  A) D2
  B) Supply
  C) D1
  D) All of the above represent marginal private benefit.

Question 2

Explain why growth is not necessarily synonymous with development.
 
  What will be an ideal response?


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blazinlyss

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

Growth is not necessarily synonymous with development because it may be difficult to transform growing output into economic benefits that reach most of a nation's people. Growth measures changes in income, whereas development measures the increase in the well-being of a nation's citizens. Economic development covers factors such as health and education.


student77

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

abro1885

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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