Macro Econ Discussion Questions Assignment Example | Topics and Well Written Essays - 500 words

Macro Econ Discussion Questions - Assignment ExampleAirport guarantor is not a public good since it is exclusionary and only individuals within the airport premises enjoy the security.If green goddess generates external costs, it should not be outlawed but a sales tax should be introduced to provide for the external costs. Similarly, in the case of cars pollution, toll taxes on roads or unit taxes on fire can be introduced to cover for the social costs of the pollution.If the total expenditure of the products produced in an economy cast up more than proportionately compared to the reduction in the quantity produced, then GDP pass on increase. This is a price inelastic effect.Farmers would rather store their output than sell it during periods of hyperinflation as they would be speculating and waiting for the prices to hit last points so that they can make more profits. This practice would lead to a deficit in supply, which will lead to rocketing of