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State whether each of the following questions is positive or normative. Explain briefly.
a) How much oil conservation (from switching to smaller cars, carpooling, etc.) will a $0.50 per gallon tax on gasoline achieve?
b) Are taxes on wealthy citizens of the United States too high?
Wage rates tend to change with national rather than with industry productivity because:
Explain what Alice must prove in order to maintain a claim for sexual harassment and constructive discharge.
For which two bonds would you expect to generally pay the higher interest rate, a U.S. government bond or a municipal bond with the same term and issued by a creditworthy municipality and explain why?
Explain why it is not possible for one agent to have a comparative advantage in all goods, a worked example with calculated values would be useful.
q1. the total operating revenue of a public transportation authority is 100 million while its total operating cost is
Assume that you have a budget of $25 to spend on milk and cereal only. The price of milk is. What is the most you can purchase of cereal? What is the opportunity cost of three units of cereal? Graph the budget constraint. Be sure to put the quantity..
The long-term result of entry and exit in a perfectly competitive market is that all firms end up selling at the price level determined by the lowest point on the:
What are the Pros. And Cons. Of Minimum Wages Law. What is the opinion of criticizers on minimum wages law. Does Minimum Wages law favor the poor. How Minimum Wages laws exploit poor. Minimum Wages law decreases employment ratio in the country, is it..
How many books should Barnes & Noble order? What is their expected profit? How many books do they expect to sell at a discount?
Suppose that Taher's pizza business operates under competitive conditions and that his short-run production function is q=20^E. Once again assume w = $6 but suppose the government imposes a tax of 25% on each dollar he pays his workers, to cover thei..
According to the classical view, which of the following statements is true? The government's budget deficit is equal to. Which of the following is a leakage in the macro economy?
Calculate point price elasticity a a price of $3 and calculate the point price elasticity at a point of $9. Is the demand price elastic or inelastic at these points?
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