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Suppose you were appointed economic advisor to a less-developed nation in Africa. The nation seeks to encourage capital formation and wants to increase the rate of savings of its own residents as well as encourage foreigners to invest in their nation. What role would you assign to property taxes in this nation to achieve its objectives?
Name two examples of transfer-oriented industries with firms located in central cities today. Describe what they produce/sell. Use what we have covered in class to explain why their location decisions make economic sense.
Using specific examples, relate the concepts of Cross Elasticity and Income Elasticity to this product.
Which of the following are the ideal conditions for a laissez-faire economy?
Compute the present value of a perpetuity bond that pays a monthly cash flow of $1000 at an annual interest rate of 12 percent.
Discouraged employees are not considered unemployed. People who work part time but want to be working full time are considered employed.
Using an aggregate demand and supply diagram, explain how each of the following scenarios affects the equilibrium price level and aggregate output. Consider first the short-run, then the long-run equilibrium for each scenario.
In which of the following situations would you prefer borrowing?
If se economists ignore possibility of crowding out, illustrate what would they approximate marginal propensity to consume (MPC) to be
Annual per capita consumption of milk in the U.S. is 21.6 gallons. Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 16 individuals from the Midwestern town of Webster City showed a sam..
Constant returns to scale occur when. Total fixed costs
Ann owns a lawn mowing company. She has 240 lawns she needs to cut each week. Her weekly revenue from these 240 lawns is $8,400. If given an 18-inch deck push mower, a laborer can cut each lawn in two hours. Suppose the weekly rental cost (including ..
What is the total cost to Hildegard of finding a new plot of grass and getting y units of grass from it? Find an expression for her marginal costs and her average cost per patch of grass as a function of the
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