Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN: 9781305280601
Author: William J. Baumol, Alan S. Blinder
Publisher: Cengage Learning
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Chapter 3, Problem 1DQ
To determine
1.
Resource limitations that affects the poorest person on Earth is to be determined.
To determine
2.
Resource limitations that affects the richest person in the U.S is to be determined.
To determine
3.
Resource limitations that affectsthe farmer in Kansa is to be determined.
To determine
4.
Resource limitations that affects the government of Indonesia is to be determined.
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Students have asked these similar questions
Discuss the resource limitations that affect:
The poorest person on earth
Bill Gates, the richest person in U.S.
A farmer in Haryana
The Government of India
The greatest incentive for conserving scarce resources and using them in the most productive ways comes when:
A government agency is put in charge of researching and allocating the resource.
The free market is allowed to function with few hindrances from government regulation.
The government owns all the natural resources of the country.
Socialism is fully in place.
Economics is the study of the allocation of the abundant resources in a country.
True
False
Chapter 3 Solutions
Macroeconomics: Principles and Policy (MindTap Course List)
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