Are national forests public goods? Explain
Yes. Forests provide soil retention with root systems and help store carbon while releasing oxygen into the air. These benefits are not (generally) depletable and are not excludable.
Economics
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Why are indifference curves convex to the origin?
What will be an ideal response?
Economics
Which of the following could explain why there is an increase in potential GDP but the equilibrium level of GDP does not rise?
A) SRAS shifted to the right by more than LRAS. B) AD shifted to the right by more than SRAS. C) SRAS and AD do not shift. D) AD shifted to the right by less than SRAS.
Economics