Monday, October 30, 2017

G11 - Week 11 - Day 1

In-class work
  1. Practice question
    1. Explain why a government might introduce subsidies for food. [10 marks]
    2. Discuss possible negative consequences that may arise from a government decision to subsidize food. [15 marks]
  2. Competitive markets (p. 25)
    1. Market failure occurs when any of the assumptions for perfectly competitive markets are NOT true
    At-home work

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