What does unprecedented prosperity mean?

What does a balanced budget mean in terms of government revenue? Explain why government intervention is often required if there is a positive externality in the market and illustrate with a diagram Briefly list what are the ways to correct for a positive external? Would you advise the management to sell a product even below the marginal costs? What western industry increased the availability and variety of consumer goods as well as raised the standard of living? What was Eli Whitney's biggest contribution to the American economy? Why are guns and butter compared on the production possibilities frontier? What is transitive economic development? How do you explain how markets function? Why does the money demand curve have a negative slope? How many central bank in world? What is Japan economic activities? How do you determine the impact of using imperfect substitutes in a competitive market? What role does Canada's climate play in industries related to producers? Will the expenditure on police services by government included in national income accounting? What do people like to spend their money on? How much money did Shell oil make last year? Did the olmec civilization have a division of labor? What do you think is the best ethical way to handle oligopolies? Which of these was required to make plantation cash crops a source of wealth? Why do some people have trouble saving moneyeven as their income continue to increase?