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Which of the follow is a characteristic of a command system?
a) a dictator or group of central planners
b) independ decisions of individuals in the market place
c) production goals or targets are transmitted from the top authorities to the individual producing units
True or False: Every country can be categorized as using either the command system or market system to coordinate its economic activates
A pharmaceutical company has hired you to perform an economic analysis on a currently ongoing project. Experts from the company have estimated the market for the drug and thus the potential revenues for the drug are knows, but the relevant costs are ..
q.assume a consumer has 600 to spend on two goods good x as well as good y. the cost of good x is given by px 20. the
Explain and graphically illustrate the effects of the tax cut on aggregate output, consumption, employment and the real wage.
Ponder this immigration reform: US citizens are given the right to sell their citizenship to whomever they choose at whatever price they can get. Someone who has sold her US citizenship is no longer permitted to remain in the US without an appropriat..
When the Finance Division computed the marginal cost of an engine, it discovered that the new engines were much more expensive than rival engines, even accounting for the expected fuel savings. No one purchased teh engine. How would you make sure ..
Given the work life cycle of the "traditional" woman, it may be rational for women to invest in less human capital than men. older workers are less mobile geographically than younger worker. an economic recession tends to stimulate.
If there is initially a federal budget surplus, and government purchases and transfer payments both fall:
In your opinion, have these measures been effective or ineffective in addressing the major concern or concerns of the business cycle?
About the Utility is..
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated p..
Find the value of X such that the loan is fully repaid with the last payment. b) What is the dollar amount of each of the five payments ? c) Find the value of all the intrest paid to ken ?
Illustrate at what output level would the monopolist produce. Illustrate at what output level would a perfectly competitive firm produce.
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