HEESUENG SUNGHOON
JUNGWON
SUNNO
JAY
JAKE
NIKI
THE QUESTION IS WHAT GROUP ARE THEY?

In which type of economy are these decisions made by the producers , consumers, and the goverment?

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.

No renewable resources are natural resources that are limited in supply and cannot be replaced as quickly as they are used.(true or false asnwering) a.true b.false