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1. What is the problem that economists see with our resources and our wants?
2. Define Microeconomics and Macroeconomics. And give 2-2 examples of both.
In the 1980's land prices in Japan surged upward in a "speculative bubble." Then land prices fell for 11 sytaright years between 1990 and 2001. What can we safely assume happened to land rent in Japan over those 11 years? Use graphical analysis to il..
Consider a person who can work up to 80 hours each week at a pre-tax wage of $20 per hour but faces a constant 25% payroll tax. Under these conditions, the worker maximizes her utility by choosing to work 40 hours each week. Show that the worker wil..
What are the true reasons that Trump started the US- china trade war currently? Is it because China's development has threatened
Expansionary Fiscal Policy relies on changes in tax collections and government spending to achieve a non inflationary level of employment. Given this definition what actions and projected consequences did President Obama enact to realize this goal. B..
What challenges and opportunities could arise from higher and lower degrees of government intervention?
As the manager of a ski resort, you want to increase the quantity of lift tickets sold by 10%. Your staff economist has determined that the price elasticity of demand for lift tickets is 2. To increase sales by the desired amount, you should:
do we have as consumers to the losers of globalization? Discuss and justify your postings and responses with other students in our course.
A dominant strategy is one that
Identify all the requirements and categorize them into functional and non-functional.
One hundred dollar of interest is paid each month on an investment of $10,000. If interest is compound monthly, what is the accumulation at the end of two years?
What type of market structure is this? What factors could explain this structure?
Explain why non-governmental organizations (NGOs) like the cooperatives described in the Fair Trade material play an important role in the economic development of developing countries. Why do the governments of these countries require help to protect..
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