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A public good is a good that is both non-rivalrous and non-excludable. Non-rivalrous can be defined as “consumption by one person does not reduce the amount available to other people” and non-excludable a...
In a monopolistic market there is a large number of small, profit-maximising firms, selling differentiated, heterogeneous products. This means that they have some degree of control of price in the short r...
One example of a supply-side policy is education and training. The government could increase spending on schools to improving teaching, increase and improve learning resources or create more internship pr...
GRUBBES Pros - Higher income tax SO less of a budget deficit, more public funding which could increase AS and reduce Y inequality Evaluate: Laffer curve, LT increase, little evidence it does (depends on w...
Yes:
A greater variety of goods and services offered to consumers, this involves goods and services that may not be offered usually in the country of the consumer
Great...
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