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Universal Basic Income: In Finland, Money Can Buy You. – · The basic income recipients, on average, got 16,159 euros from the government in 2017, including the UBI; people in the control group received 11,337 euros.
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the value of an amount of money in terms of what it can buy o. – the value of an amount of money in terms of what it can buy o EX: the real value of your income would fall as the prices of consumables increases even though its nominal value would remain the same The goal of the business is to maximize profit – The goal of the consumer is to maximize utility CHAPTER 3: Comparative advantage: the ability of one.
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