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Wheelan (in Naked Economics) states that "the problem with Asian sweatshops is that there are not enough of them." How is Wheelan's statement illustrative of the concept that every market transaction makes all parties better off?
Assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run.
Explain the three main topics that macroeconomics is concerned with. Explain the major critics of how unemployment is measured. Explain how consumption and savings are correlated. Please explain the causality of one variable on the other (use a graph..
q1. why does a reduction in taxes have a smaller multiplier effect than an increase in government spending of an equal
A bond pays semi annual interest payments of $42.50. What is the coupon rate if the par value is $1,000? You are buying a bond at a quoted price of $892. The bond has a 7.5 percent coupon and pays interest semi annually on February 1 and August 1. Wh..
Explain how many tons of coffee does the United States import. If the world price of a computer is $500, what is the world price of a ton of coffee.
Illustrate which offers the higher expected return. If you expect the rate of inflation to be 3% over the next year, which is the better investment.
State and Local Governments in this country use sales taxes as means of generating revenue. In other countries, a value added tax (VAT) is used to generate Government revenue. Please explain the difference. In your opinion, which tax system is most e..
Illustrate what are factors that influence supply of loanable funds and the factors that influence demand for loanble funds.
What is the belief that laws are justified if they prevent a person from harming him- or herself known as?
How much would you have to invest on a monthly basis to yield $1,000,000 in at your retirement i fthe return rate is 4.5% compounded monthly?
Given that a central bank is deemed a necessity in a free market economy should we leave it as it is or place more legislative controls?
1. if you are the chief economist of a country experiencing high unemployment and flat gdp what macroeconomic policies
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