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State whether you agree or disagree with the following statement. "A good with a downward sloping demand curve could be either normal or inferior. Explain.
the price of a first class stamp is .42 cents in 2009. the price of the same first class stamp in 1975 was .13 cents.
Think the market for personal computers. Assume that the demand is constant : the demand curve does not change. Predict the effects of the following changes on the equilibrium price of computers.
Should they be forced to develop homes in suburban area - Has part of the reason why the prices of commodities have risen relates to rising fuel prices?
How do education and heathcare impact the economy externally? Make sure that you show the relationships between education, healthcare, and the economy.
The labor laws were repealed and labor unions made illegal
A) A Monopolist's long run supply curve is that portion of its long-run marginal cost curve above its long-run average total cost curve.
which of the following industries is most likely to exhibit the characteristic of free entry?a. cable televisionb.
A sales tax of $1 per unit of output is placed on a particular firm whose product sells for $5 in a competitive industry with many firms.
Many police officer positions being advertised today require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Why don’t police departments increase their applicant pool by drop..
Assume that a $100 at February 1, 2014 will worth $110 on January 31, 2015 and was $ 90 on January 31, 2013: Compute the interest rate for past and next year. Are they the same?
During the course of a year, the labor force consists of the same 1,000 people. eot to hire 20 of these people in the face of government regulations making it too costly to employ them. what is the frictional unemployment rate?
A. Define each of the following: 1 Gross Domestic Product at Market Prices. 2 Gross National Product at Market Prices. 3 Gross National Product at Factor Cost. 4 National Income. B. Explain the relationship between Gross National Product at Market ..
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