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
There is an ongoing debate about whether free trade is beneficial for the global economy. Choose whether you support free trade or if you prefer…
September 3, 2020

“For you and your neighbour to specialise and trade, it must be that the price at which you or your neighbours sells the product is higher than its opportunity cost. Suppose the price of apples is 1 apple = p cherries.” why is the price of apples = p cherries? isn’t p = price??

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