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1. Classical economists held the view that:
A. demand creates its own supply
B. unemployment was temporary and soon eliminated
C. there was an imbalance between saving and investment
D. it is difficult for an economy to adjust because wages and prices are inflexible.
2. If a nation imports more than it exports, then its balance of trade is:
A. positive
B. negative
C. zero
D. unstable
Wesley was mad at Stacey for breaking up with him. He decided to shoot her, bought a gun, and killed her the next day. Stacey's family is devastated that she died. (a) In addition to the crimes that Wesley may have committed, what type of civil actio..
Astrachan contends that ____ men express the most hostility when women enter into traditionally male occupations and are more threatened by the overall competence of women.
Analyze your chosen topic from the basis of our course content by beginning with an underlined thesis statement (purpose) in the first paragraph. Then use each paragraph to analyze a separate concept, theory, or principle from the text which helps ex..
Determine whether each of the following increases, decreases, or remains unchanged in the short run: the market interest rate, the quantity of money demanded, investment spending, aggregate demand, potential output, the price level, and equilibrium r..
Illustrate what is the total number of wells which maximizes the sum of the profits of both firms.
The social security system levies a tax on workers and pays benefits to the elderly. Suppose that Congress increases both the tax and benefit.
Graph the effects on the savings inter-temporal budget constranit. You are required to use the graphical representation of the llifecycle model's inter-temporal budget constraint. Assume a progressive tax system with 2 tax brackets are applicable for..
Helen can earn interest in her savings account. Suppose Helen deposits $4000 today and one quarter from today she deposits $1000. Each quarter she increases her deposit by $50 until the end of 20years. Starting from 25th year, she would like to withd..
Suppose the demand for seats at the NFL combine is given by Q=4000-10P. The marginal cost of an additional fan attending the combine is zero. Calculate the optimal number of tickets the NFL should sell to the event. Then indicate whether the NFL coul..
Suppose that there are 150 houses in the community with 2,000 square feet (providing services that rent for $10,000 per year). The interest rate is 4% and with proper maintenance all of the houses will last forever. In an election the population deci..
What actions have been taken by the government to deal with the ups and downs of the business cycle in the United States? Please look back in history to round out your answer.
Offer one good or service that you think would be considered highly price elastic ,one that you think is highly inelastic and Elucidate why.
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