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Question: discuss any one of the reasons for a mutually beneficial...

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Discuss any one of the reasons for a mutually beneficial transaction not 2. (8 marks taking place in the labour market. Is it possible to solve the problem by government intervention? If so, how? 3. (6 marks) Suppose the nominal weekly wage rate in years 2004 and 2005 were $500 and $525 respectively, while the Consumer Price Index increased from 120 in 2004 to 126 in 2005. Are the workers better-off, worse-off, or as well-off in year 2005 compared to year 2004? Justify your position.
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