Section II - Short Answer (1 Viewer)

[bell531]

food is correct

 

[JAM91]

for a positive of inflation i said it acts to depreciate the $A which will increase our exports and increase FDI.

Also for the subsidy diagram i didnt draw a new supply curve i drew a dotted line under the equilibrium to show how the quantity would decrease and the price would go down and then drew a line to show the increased amount of imports

 

[anthonysak]

how sure r u?

 

[bell531]

how sure r u?

Me? About food? Almost certain

 

[P.T.F.E]

is public toilets a public good?? my friend and i both did this who else did? reps to you!!

thats a merit good

 

[bell531]

thats a merit good

Merit goods are those which provide positive externalities. Regardless of whether a public toilet provides positive externalities (which I don't think it does), a merit good can also be a public good.

In this case im pretty sure a public toilet is a public good, and neither a merit nor a demerit good.