What are the economic sectors that are favored by building

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Reference no: EM133454374

Questions:

1. Answer the question posed in the situation, listing 15 economic elements.
2. What are the economic sectors that are favored by building a car like the Mercedes? Justify your answer.
3. What is the economic system in which the situation arises? Justify your answer.
4. Would it be feasible to build this type of car in a centralized or planned system? Justify your answer.
5. Determine which factors of production are involved in the process.
6. What is the opportunity cost of producing a car like the Mercedes?
7. Explain whether the situation arises in a microeconomic or macroeconomic environment.

Reference no: EM133454374

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