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Question 1. You have been employed as an economist to advise the Department of Health and the federal government about the following issue.

19 / 01 / 2019 Economics

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Question 1. You have been employed as an economist to advise the Department of Health and the federal government about the following issue. The minister has argued that raising the tax on alcohol is the most effevitve way to reduce alcohol abuse in our society. Do you agree or disagree? Expain why or why not. Question 2. Explain the difference between comparative advantage and absolute advantage.



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