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This class is principals of basic economics. The focus is efficiency of markets. What are the characteristics of a perfect competition?
Suppose that the government collects $3 million in taxes, pays $2 million in Social Security benefits, pays $0.5 million in interest on the national debt, and pays workers $1 million to sit at their desks and work as little as possible. What is the g..
If the price of one good is four time the price of the other also the price of both double, Illustrate what effect does it have on the set of affordable bundles
Why does neoclassical economics rely so heavily on underlying assumptions of human behavior and how have those assumptions been refuted by the emerging field of
The Term, Contracting Party, Integration, Retained Assets, and Performance Standards are all:
New trade theory came about when economists realized that the theories of specialization and trade (i.e. the Ricardian trade model) were not being borne out in
List determinants of elasticity, and explain each determinant in details using examples discussed in class.
What the role of selecting social media to keep the campaign fresh. How might this process differ from that of campaigns for other companies?
Explain the effect of an increase in exports on the equilibrium GDP in the Keynesian income-expenditure model.
It has external liabilities of $250 billion, 50% of which are denominated in dollars and the remainder in pesos. What happens to net wealth
Provide a general overview of U. S. international trade regarding our trade deficit, trade surplus, primary export goods, status with Canada and China, and the U. S. status in the world.
Drawing on current business publications, find an article in which either fiscal or monetary policy makers were describing their goals of maintaining stable prices, full employment, and adequate economic growth over time. Which goal was the most impo..
Explain: “Free-trade zones such as the EU and NAFTA lead a double life: They can promote free trade among members, but they pose serious trade obstacles for nonmembers.” Do you think the net effects of trade blocs are good or bad for world trade? Why..
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