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Can you someone help me highlight the mistakes and/or half-truths in each of the following statements.
a. If one looks at the budget incidence the poor in South Africa benefit most from the budget of government.
b. Expenditure on social assistance may not be viable in the longer term and derail fiscal policies in South Africa, if it is not managed carefully.
David gets $3 per month as an allowance to spend any way he pleases. Since he likes only peanut butter and jelly sandwiches, he spends the entire amount on peanut butter (at $0:05 per ounce) and jelly (at $0:1 per ounce). Bread is provided free of..
If taxes are cut, then consumption, A laissez-faire attitude toward most markets is most closely associated with, In the classical model, the supply of loanable funds is,
Current annualized yields on 1 year US treasury securities are only .28%....while current annualized yields on 2year US treasury securities are .69% . What does this data suggest about financial market expectations of 1 year yields, 1 year from now? ..
Is fluoride beneficial? Compute the test statistic for a hypothesis test using a significance level of 0.05.
An industry consists of three firms with sales of $200,000, $710,000, and $325,000. a. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Round to the nearest integer. b. Calculate the four-firm concentration ratio (C4). c. Based on the FTC..
Illustrate what occurred to employment during the rest of 2008. Illustrate what are some of the alternatives to a tax cut that might have been utilized.
Consider the following two constrained optimization problems: Problem 1: max/min xy subject to x^2 + y^2 = 50 Problem 2: max/min xy subject to 2-x-2y = 0 i. Using the Lagrange approach find all critical points and the value of the Lagrange multiplier..
What interdependence have you noticed between the firm you selected and its rivals in terms of product differentiation, price leadership, or price competition? Explain your answer.
Your cousin wants to start his own business, and he is in a hurry. He has decided not to write a marketing plan because he thinks that preparing such a document would take too long. He says he doesn’t need a formal proposal because he has already rec..
What company utilizes network technology to connect their geographically separated offices? Describe the network technology and discuss the benefits.
The economic model of a perfectly competitive market is very unrealistic because it predicts that firms in a perfectly competitive market earn zero profits in the long run. However, in reality, no firm would stay in business if it earned no profits. ..
Does the timing of play change the Nash equilibrium? In other words, does it matter if the game is played simultaneously or sequentially?
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