increases the standard of living for the poorest in society, allowing them to seek their basic needs.

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A: Increase in labor productivity means that the labor become more effective and the more output will…

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A: Elasticity of demand depicts how much consumer responds with the change in the price level.

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A: Given: C = 2000 + 0.5(Y - T)T = 200G = 400I = 500

Q: 1. Critique GDP per capita as a measure of welfare.

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

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A: We will answer the first question since the exact one was not specified. Please submit a new…

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Q: 5. Refer to the scenario above. A basket of goods worth $3 in the U.S. has a price of in Country 2.…

A: $2=15 ritz Hence, $2* 1.5= 15 * 1.5 $3= 22.5 ritz

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Policy Instruments for Environmental protection

Policy Instruments for Environmental Protection link policy development and decision making to policy implementation to protect the environment and promote sustainable development. Economic growth brings great risk to the environment and often puts increased pressure on environmental resources. But it is the responsibility of the policymakers to ensure that the risk caused to the environment through developmental projects is kept in check. Environmental protection is central to sustainable development. They can be both beneficial and equitable. Environment protection policies can be used to deter environmentally damaging activities. They also improve social equity and raise revenue.