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From 1950 to today, government spending on Social Security, Medicare, and Medicaid as a percentage of GDP has
a) decreased from about ten percent to less than one percent.
b) increased from less than one percent to about ten percent.
c) remained constant at less than one percent.
Draw a graph of the aggregate labor market in equilibrium. Then consider each of the following scenarios. In each case, show the effect on the market and explain what will happen to the real wage and the equilibrium quantity of labor.
q.1 during the 1990s technological advance reduced the cost of computer chips. explain with the use supply and demand
Explain duopoly and monopoly market structures, and identify the key factors that distinguish them.
write a two to three 2-3 page paper in which you1. identify and discuss three 3 externalities which can either be
assume that four mineral water producers compete in prices in a bertrand setting. the firms differ with respect to
Given the following total-revenue function tr=9q-q2 (a) derive the total-, average-, and marginal- revenue schedules from q=0 to q= 6 by 1's
Describe the monetary policy tools the Federal Reserve uses to stabilize the economy and maintain price stability. Based on the information you researched from Federal Reserve publications, present and justify your own economic outlook for the next..
Consider a market with four firms.Suppose the first firm has a49% market share,the second has a 35%market share, the third firm has a 10% market share, and the fourth firm has a 6% market share
a software company has developed a statistical package that can perform advanced and high level procedures as well as
When trying to reduce the degree of inefficiency from an open-access fishery, would a regulation that increases the marginal cost of fishing effort by banning certain types of gear or a tax on effort be equally efficient.
Suppose there are nine sellers and nine buyers, each willing to buy or sell one unit of a good, with values ($60, $50, $45, $40, $35, $30, $25, $20, $15). Suppose there is a single market maker in this market. What is the optimal bid-ask spread?
pollution is considered by most a negative externality. some economists would like to see the costs of these burdens
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