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Classical Economics or Keynesian Economics or both--What do you think the role of governments should be in the present economy--150-- words
Illustrate what do they mean efficienty level of output. If the government were to build the bridge, what price should it charge.
How does an increase in the price level affect the real value of money.
Assume that a person considers carrots (X) and peas (Y) to be normal goods and has convex preferences. a. Design an indifference curve-budget line diagram showing the substitution and income effects created when the price of carrots increases. In you..
Sam sells shavers also Alvin sells after cut off. Imagine Sam discovers a new production technique that lowers his costs of production.
If the balanced budget amendment was in effect, what would the federal government have to do to obtain a balanced budget?
Given that your Mexican business invoices in Mexican pesos, you are already aware that a decline in the value of the peso could reduce your dollar cash flows. Yet, according to purchasing power parity, a weak peso should occur only in response to a h..
The following questions about discrimination. Does a gap between the average earnings of men and women, or between whites and blacks, prove that employers are discriminating in the labor market? Will a free market tend to encourage or discourage disc..
You won $25 million in a state lottery that promises to pay $1 million (tax free) in the next 25 years. a) Have you won $20 million? b) What is the present value of this stream of fixed payments (assume that the annual interest rate is 6%? (Note you ..
Elucidate how does consumer surplus after the discovery compare to Illustrate what would exist if the New Jersey oil were supplied competitively.
Consider the following Prisoner’s Dilemma game with utilities (UJohn Wayne, UMontgomery Clift). Table 1: The Prisoner’s Dilemma Game. Find the Nash equilibrium if the game is played once.
Suppose a firm is hiring 20 workers at a wage rate of $60. The average product of labor is 30, the last worker added 12 units of output, and total fixed cost
Evaluate the article using Economic concepts. You should include- The essence of the story: Introduce the issue, who is interested in it and why?
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