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11 / 3076 |
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When we turn to economic analysis to assist us in grasping the arguments advanced as to how the particular policy measures will influence the outcome and extent to which it will bring outcomes into greater consistency with the politically specified desired goals. The other information which we think is necessary to understand that differing positions about the Goods and Services Tax (GST) involve questions about its impact on inflation, employment and income distribution...
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Economists are dealing with human society. Not only is human society, particularly the economy, extremely complex but it changes continuously.
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Q:5 Imagine that a new invention allows each mineworker to mine twice as much coal. Predict how this will affect the equilibrium price and quantity in the market for coal and the market for heating oil...
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