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Problem: Given current population trends, are we doomed to run out of resources to the point where there will be massive famines in the future? If not, why not? If so, what is one potential implication of these looming future famines?
Assume that the banking system's nonborrowed reserves total $48.3 billion, with total legal reserves standing at $51.2 billion. What must lent reserves be?
The interactions of producers and consumers in individual markets are part of the study of Self-interested behavior and incentives are
What is natural monopoly and What types of industry are susceptible to have natural monopoly
Explain two arguments against Keynesian fiscal policy, one using the concept of "crowding out" and the other showing that it can only cause inflation.
Smokey's Garage, Inc., provides routine auto diagnostics for customers in the Atlanta metropolitan area. Tests are supervised by skilled mechanics using equipment produced by two leading competitors in the auto test equipment industry. Records f..
Graph the demand and supply curves. What is the free-market equilibrium in this market? What area in your diagram represents this economic surplus?
Coffee and creamer are complements. Climate changes resulted in a decrease in the coffee bean plant crops for this season. Explain graphically the effect
Are the OLS estimators consistent? Can confidence intervals be constructed in the usual way? If so, how do they differ from those that we would obtain if we had (measurement error free) observations on Yi? Explain.
When rent controls are imposed, the quantity supplied of apartments will be:
What are the impacts of innovation and technology on the cost of production? How does technology affect market structure and real-world competition?
What works well with this approach? What are some challenges with this process, especially as Netflix continues to grow fast?
Assuming x is a pure private good, identify the total demand function in this market. Make sure the indicate all the price ranges that the functional.
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