1. Productivity improvements can come at a cost. Provide 3 examples of how productivity can yield economic...
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Question:
1. Productivity improvements can come at a cost. Provide 3 examples of how productivity can yield economic benefits and 3 examples of how productivity may yield economic consequences or "side effects". Explain your selections.
2. Using the example of a farmer producing a wheat crop, explain how government subsidies (either minimum prices or price subsidies providing a minimum price for the farmer) could impact productivity improvements in a positive manner.
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