If society did not want to leave things to the market, how might it decide who...

If society did not want to leave things to the market, how might it decide who got how many masks?

Ed has an idea for making money. He will get broken things on Craigslist that people are giving away for free, and he will fix these things up and then sell them. It does not cost any money for Ed to fix these things. Ed says "this is a way for me to make free money, with no opportunity costs." Is Ed right? Or are there opportunity costs to doing what Ed is planning?

Why might a country want to produce a good itself, even if it does NOT have a comparative advantage in that good?

Expert Solution

Rahul Sunny answered 6 months ago

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