1.What is job rationing and how does it relate to unemployment? Explain what factors can lead to job rationing? 2.What does a productivity curve
September 3, 2020
1. Externalities – Definition and examplesAn externality arises when a firm or person engages in an activity that affects the well-being of a third
September 3, 2020

Case Study: From Subsidies: Subsidy programs are likely to have a number of secondary effects in addition to the direct effect on dairy prices. What impact do you suppose farm subsidies are likely to have on the following?a. Housing pricesb. Technological change in the dairy industryc. The price of diary product substitutes

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