What are public goods?
What will be an ideal response?
Public goods are goods or services that bestow collective benefits on members of society. Generally no one can be excluded from enjoying their benefits.
Economics
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The customs union could lead to losses for the home country if:
a. the other country in the customs union is the most efficient producer b. the other country in the customs unions is not the most efficient producer. c. there are other countries outside the customs union that are inefficient. d. all countries are efficient producers.
Economics
Explain the problems that necessitate insurance management, and three methods insurance companies use to address these problems. Identify the problem that each practice addresses
What will be an ideal response?
Economics