Q1. Long-run effects on prices, output also profits in these industries (patent expiration for monopolies, entry into monopolistically competitive industries).
Q2. Whether the policy, reduce salaries tax also tax under personal assessment for 2009-10 by 75%, with a maximum reduction of $6000, can help improve efficiency or solve the problems of income inequality, with a brief explanation. If it can help solve the problem of income inequality, conclude whether it aims at equalizing income or equalizing opportunities.
Q3. Human resources that perform the functions of organizing, managing also assembling the other factors of production are called.