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Amy's card shop receives a shipment of valentine's day card in December 2013. Amy pays the wholesales distributor of the card a total of $500. In February 2014 she sells the cards for a total of $ 700. What are the contributions of these transactions to GDP in the years 2013 and 2014?
explain how rent seeking can lead to a drop in productin of goods and services. what role might the underground economy play in lessing the drop in productie activities
What impact does the privatization of prisons have on providing rehabilitative services that would help prisoners rejoin society productively and curb recidivism? Explain.
What price and quantity will monopolist produce at if the marginal cost is constant $4.00? Compute the deadweight loss from having the monopolist produce, rather than the perfect competitor.
chistorically shifts towards a more expansionary monetary policy have often been associated with increases in real output. can an expansion in the money supply increase real output and employment
A cable company is considering a new suburban market
Take a current environmental issue such as the Hurricane Katrina in New Orleans and examine it from the scientific, economics, and political perspective.
Explain the basic ideas behind (i) employer, (ii) employee and (iii) customer discrimination. Give one example of each type of discrimination. Explain in more detail how employer and employee discrimination is likely to affect wage differentials.
Suppose that you have just read a review of the literature of the effect of beauty on earnings.
You've recently learned that the company where you work is being sold for $380,000. The company's income statement indicates current profits of $15,000, which have yet to be paid out as dividends.
If the average shooter aims at someone, he will hit them half of the time. If the drunk aims at someone, then he will hit them only ten percent of the time. Once someone is hit, they are out of the game, with the winner being whoever is the last r..
What happens to consumer surplus and what happens to total surplus assuming the government sells the consumer
The goal of all capitalists is to dismiss the competition and gain market power. a) Explain why that might be hurtful for the economy, though not for everybody, clearly stating who wins and who loses in the presence of monopolies.
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