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Account for widespread suspicion—especially on the political left, but it can and definitely used to show up on the political right as well—that praise of the market system by economists is greatly overblown?
What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials
Specialty Steel has carefully measured production in its new plant to determine whether it is technically efficient in production.
A hedger has taken a long position in the wheat futures market. What does a long position in the above example mean? What is the risk that is hedged in this transaction? What are the risks and rewards of buying versus writing options?
All farmers in Trivialand are self - employed and sell all of their wares to Super Duper. Elucidate the costs incurred by all of Trivialand's busines.
explain what occurs when a new technology makes another one obsolete in terms of economic profit. consider firm a to be
If county government offices required that all employees must live within the county limits, what impact would this have on the elasticity of demand for employees of the county government offices?
Which of the following best measures how the level of well-being in a country has changed over time?
Suppose you were given a choice to select from a menu of items in your employee benefits package. The menu might include medical coverage ($1500 deductable), life insurance equal to a year's salary, vacation time based on length of employment with th..
Carbon Tax/Emission Trading scheme – Compare Australia with one of these countries or group of countries like Europe,USA and China/India and discuss the similarities or differences in ETS and its affect on the economy
You think that you need $60,000/year to live on when you retire. Assuming an annual inflation of 3.4%, how much would you need in actual dollars per year 40 years from now to have the same purchasing capability?
Fisher's utility function for trout (T) and salmon (S) is given by U = ST, where the MUT = S and MUs = T. Which set of consumption bundles lies on the same indifference curve?
What do we call financial institutions through which savers can indirectly provide funds to borrowers?
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