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If each country specialises in the production of the product in which it has a comparative advantage, who should produce guitars?Q2. Define the concept of efficiency. Define the concept of equity. Using the tax system as an example to explain how a trade off exists between economic efficiency and equity. Q3. Describe the law of demand.

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Brenda says that when she explained that her son was trying to buy skins, the customer service rep was sympathetic, saying: All the kids are doing it. Along the way, Elijah became adept at manipulating his parents. "He'd come into my office, which is right across from his room, crawl up into the fetal position and say, 'Mom, I did it again,'" Brenda recalls. "That triggered a pity reaction. But then, if I didn't immediately give him my credit card or bail him out, he'd get filled with so much anger that I worried he was going to break something. "Once it became clear to Elijah that he needed more money, he began sneaking into his parents' wallets while they were asleep and taking photos of their other credit cards.

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United States, supra, at 272 U. S. 177 dissenting. Justice Holmes perhaps overstated his case, for there are undoubtedly executive functions that, regardless of the enactments of Congress, must be performed by officers subject to removal at will by the President. Whether a particular function falls within this class or within the far larger class that may be relegated to independent officers "will depend upon the character of the office. " Humphrey's Executor, supra, at 295 U. S. 631. In determining whether a limitation on the President's power to remove an officer performing executive functions constitutes a violation of the constitutional scheme of separation of powers, a court must "focu on the extent to which prevents the Executive Branch from accomplishing its constitutionally assigned functions. " Nixon v. Administrator of General Services, 433 U.

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