The International Property Right Index scores countries based on the legal and political environment and how well property right
s are protected. Go online and find a recent ranking. Choose three countries with high scores and three countries with low scores. Then find estimates of GDP per person in each of these six countries. What pattern do you find? Give two possible interpretations of the patterr.
1 answer:
Answer:
1.New Zealand
2.Finland
3.Sweden
4 Switzerland
5.Norway
6.Luxemburg
Three countries with highest score are
New zealand, Finland and Sweden
Lowest are Yemen, Bangladesh and Moldova
Explanation:
The interpretation are:-
1. The slow and steady property rights tends to be unabated.
The average reached around 5.6%.
2. Countries like Ethopia and Africa had made certain overall improvements. Eastern Europe and Central Asia were the only places to see net reduction.
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If the government takes this approach, consumer surplus would increase.
A monopoly is when there is only one firm operating in an industry. A natural monopoly occurs when there is a high start-up cost associated with opening a business or a firm enjoys economies of scale.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good. As the price of a good declines, consumer surplus increases. P2 is lower than P1, this means that if price is regulated to P2, consumer surplus would increase.
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