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Business solutions e.g. offshoring labor, may make sense at the individual company level but not at the aggregate national level.
True/False
People judge their incomes relative to incomes of people around them, not relative to people everywhere on the planet or to people in years past.
Cicero wrote that good government was when the governors/politicians worked for the common good.
On the whole, US culture favors public solutions over market solutions.
In the struggle and lobbying for political influence, smaller groups tend to lose out to larger groups.
Demerit goods are goods whose consumption the public sector discourages, based on a presumption that individuals do not adequately weigh all the costs of these goods and thus should be induced to consume less than they otherwise would.
The tax incidence refers to how much taxes various parties to a transaction will pay.
As noted in the text, the overwhelming majority of the world's countries have an economic system that is somewhere between the extremes of "laissez faire capitalism" and a "command economy." However, within this majority of countries, there remains a..
Angola economists are working on the country's figues. Find the (a) GDP deflator (b) Nominal GDP (c) Real GDP (d) what is the growth for Angolan GDP for 2013? If the 2013 price is $10, quantities = 50 million; While the year 2000, which is the base y..
1. Why are the concepts of own and cross-price elasticities of demand essential to competitor identification and market definition?
Compute price elasticity of demand and supply at the equilibrium price and quantity. Price elasticity of demand is equal to___ _ and price elasticity supply is equal to ____. On the same graph above, show the effect on equilibrium price and quantity ..
Both Hyundai and Nissan made their invesrments in the southern Indian city of Chennai. What is the advantage to be had by investing in the same region as rivals? If Hyundai, Nissan, their suppliers, and other automobile enterprises continue to make i..
q1. the third largest city of a country has a population of 12.5 million. using the ranksize rule what is the
Calculate the amount of tax collections that the government will require in period two. If so, compute it; if not, explain why not.
Assume that you borrow $15,000 for five years (annual payments) at a market rate of 5%. Assuming that inflation is 3.5%, what would the equivalent equal annual payment be in constant dollars?
The United States exists in a mixed economic system - 1 where we advocate free enterprise but 1 where there is some government intervention. Therefore, does the government have the right to make decisions for its citizens like prohibiting smoking in ..
What lessons can we learn from the Chad-Cameroon Oil Pipeline and the Lesotho Highlands Water projects? What corrective measures should be taken?
Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
The classical dichotomy and the neutrality of money. Which of the following give the nominal value of a variable? Check all that apply. Which of the following give the real value of a variable?
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