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Increases in the budget deficit are believed to cause reductions in investment. Based on your understanding of the IS-LM model, will a fiscal policy action that causes a reduction in the budget deficit cause an increase in investment? Explain.
Those who use it to make ethanol and those who use it as animal food. Suppose the elasticity of demand differs between these two groups. Is a perfectly competitive corn farmer able to price discriminate? Why or why not?
If a country should invest in education which level should get the majority of the funds? Should High Schools and Elementary Schools get the funding or should higher education? Which will have the greatest effect on the PPF? Why?
Problem 1: In a population µy = 100 and σ2y = 43. Use the central limit theorem to answer the following question:
An emissions fee is paid to the government, whereas an injurer, who issued and held liable, pays damages directly to the party harmed by an externality. What differences in the behavior of victims might you expect to arise under these two arrange..
Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90-0.20Q. If there is a price floor of 2.94, what would be the quantity traded?
What information will we get from a competitive analysis that will help us to develop gaming content and evaluate our target market?
What are financial intermediaries and what do they do. What information problems exist in financial relationships and how do financial intermediaries help solve them.
Consider a consumer with preferences defined over x and y. Is it possible that they would choose to consume some of both commodities when their income is I but would choose to consume only x when their income is I’ > I? If so, depict such a case. Oth..
Illustrate what should the prod level if fixed costs rose to $50000 per month Explicate.
you will explain the impact of employment and unemployment in a free market economy. The country of France legislated the maximum length of a workweek. Because Americans tend to work more hours than Europeans, should the US government also legislate ..
An auto parts sales person receives a commission of 4.5% on net sales up to $10 000, 6% on the next $5 000 and 8% on any further net sales. If his gross sales for a month were $24 250 and sales returns & allowances were $855, what was his total commi..
In 2014, "the United States exported $2.34 trillion worth of goods and services - an all time record. Exports from the US in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. Discu..
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