Question

what are economic object and non economic object?​

Answer 1

Answer:

It is well known (Kemp, 1962; Samuelson, 1962; Bhagwati, forthcoming) that, for a country with no monopoly power in trade (or domestic distortions), free trade (in the sense of a policy resulting in the equalization of domestic and foreign prices and hence excluding trade, production and consumption taxes, subsidies, and quantitative restrictions) is the optimal policy. It follows, therefore, that free trade is superior to no trade. We can then conclude with the following propositions: 1. In the case where the desired production bundle can be reached by the

Answer 2

Answer:

economic object - money

non- economic - water