Trade contributes to prosperity because:
a. every country lacks some vital resources that it can get economically only by trade.
b. each country's climate makes it a relatively efficient producer of some goods, and an inefficient producer of other goods.
c. each country's labor force makes it a relatively efficient producer of some goods, and an inefficient producer of other goods.
d. of all of the above.
Question 2
When a firm creates negative externalities by polluting, in order to achieve the socially efficient outcome:
a. the firm's production should be prohibited.
b. the firm's production should be increased and the price of its output should be decreased.
c. the firm's production should be increased and the price of its output should be increased.
d. the firm's production should be reduced and the price of its output should be increased.
Fallow deer at Avon Valley Country Park, Bristol, England
Playing sedentary games contributes to the childhood obesity epidemic
Slash-and-burn agriculture contributes to the formation of malarial environments.
Factors affecting vital signs of older adults
Energy Resources: Fossil Fuels
Explain how it can be desirable from an intertemporal perspective for a country run a current ...