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a) Explain the perverse incentive.
b) What makes the incentive perverse?
c) How could the incentive makers better the incentive?
Explain the term Laissez-Faire The term "laissez-faire" is used to explain an economic system where the government intervene as little as possible and leave the private sector
A surplus on the current account of balance of payments can be financed by? 1. Inflow capital on capital account 2. A surplus on the government budget deficit 3. lending abroad on
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A firm is currently operating where the MC of the last unit produced = $84, and the MR of this unit = $70. What would you advise this firm to do?
Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?
Population census: A population census is the head count of people living in a geographical area or in a country. A population census collects comprehensive data on people to
Q. What do you meant by Investment? Investment: Investment represents production which isn't consumed though rather is utilized in the production of other additional output. In
what are the recommendations for effective economic planning?
Plss explain bains limit pricing theory.
what is pure competition markets?
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