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What is the equation for figuring a consumer surplus with no price floor?
Ignoring any supply-side effects, to close a recessionary gap of $100 billion with a government expenditure multiplier of 5, the government could
Which of the following is not a characteristic of capitalism? Agriculture is started to have five (5) distinct sub groups, which of the following was not a sub group listed in class? The index value for bottled water for 2006 is 1.6, the base year fo..
A production function establishes the relationship between: Which of the following inputs can be changed in the short run? Which of the following statements is true of the long run?
Describe the expansion of suffrage in the United States since the Founding. Why might the government have denied participation to so many for so long? What forces influenced the expansion of voting rights? Describe and give examples of some forms of ..
Which of the following two bonds are more prices sensitive to changes in interest rate? A par value bond, X, with 6-year-to-maturity and 10% coupon rate.
Sheryl spends all her leisure time and all her money on sailing. She doesn’t value leisure time if she can’t sail, and she can only sail if she has leisure time. How many hours will she work if she earns $20 per hour? Find a formula for her labor sup..
Consider two maple syrup producers that engage in Cournot competition. Inverse demand for maple syrup is given by P(Q) = 16 − Q and the marginal cost of each producer is 4. The two producers compete with each other each period by choosing an amount o..
One of the most striking aspects of cities in the former Soviet Union is the poor condition of public places. Streets, parks, libraries, museums, concert halls, and public gathering places of every description are all in very poor condition, revealin..
Three balls numbered 1, 2 and 3 are in a box. One ball is removed at random and placed back; then another ball is extracted. Find the mathematical expectation
How are the different dimensions of globalization - economic, political, cultural, ecological - connected?
What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.
The EU recently admitted the Eastern European countries. How do you assess the impact of the EU's expansion? What are the costs and benefits of the expansion for the U.S. economy?
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