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Consider the term "welfare economics," and apply it to the allocation of resources and its effects on today's society.
According to Marx, is there a tendency for the rate of profit to fall? On what assumptions is this argument based? What are the counteracting forces that may forestall such a fall? What is the “internal contradiction” of “the law of the tendency of t..
Which of the following is most likely to be a variable input in the transportation of crude oil?
In converting the residual to a student zed (standardized) residual for a given observation, the residual for the observation is divided by the residual's __________.
A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15, $14, $13, $12, $11, $10, $9, $8, $7, $6, $5. Eleven sellers are also willing to sell at the same prices. What is the equi..
What discretionary fiscal and monetary policies might Keynesian economists recommend to close a recessionary gap, and thus stabilize an economy? Explain how they work. What are the limitations of these policies? Why might they not be effective?
Illustrate if the table represents the demand faced by a monopoly firm, then what is that firm's marginal revenue as it increases output from 1300 units to 2200 units.
Last year real GDP in the imaginary nation of Oceania was 561.0 billion and the population was 2.2 million. The year before, real GDP was 500.0 billion and the population was 2.0 million. What was the growth rate of real GDP per person during the yea..
A business has $35,000 available to invest. Use a PW analysis. MARR = 6% Life = 3 years. How many bundles are there that do not exceed the maximum expenditure amount in initial investments?
AMS recently instituted an in-house reprocessing program. The profits of this program include not only the benefits to the environment of recycling but also the goodwill generated by AMS's leadership in this area.
Discuss in detail whether education should be publicly provided. (Hint: refer to its characteristics as public good, positive externality, market inequitable, etc.)
Which program forces farmers to destroy millions of dollars worth of crops each year?
q1. how would keynesian solve a recessionary gap using personal tax rates increase or decrease government spending
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