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1. The interactions of producers and consumers in individual markets are part of the study of
2. Self-interested behavior and incentives are
2. Demand for a good will always rise when
3. In the simplified pure market economy described by the two-sector circular flow model, the participants are
4. All but which one of the following could shift the demand curve?
5. Along with the other social sciences, economics is concerned with
6. In economics, scarcity means that Microeconomics might include the study of
7. If beans are inferior goods, a decrease in income will
8. Which of the following is true of scarcity?
Describe employer beliefs, workers' educational investments (whether or not they invest in earning honors), and wages under the signaling equilibrium-record the equilibrium set of beliefs.
What is the monopolist's profit maximizing level of output? What price will the profit maximizing monopolist charge?
consumers typically pay a higher real interest rate to borrow than they receive when they lend by making bank deposits
rick buys a 1966 mustang for 3000 planning to restore and sell the car. he goes on to spend 9000 restoring the car. at
question 1.place your answers in the table provided at the end of the question1. use the following table to produce a
What are your thoughts about minimum wage legislation? What kind of a price-control policy is this? Who gains? Who loses? Are there alternatives to this legislation for achieving the same policy objectives?
go to the federal reserves web site www.federalreserve.gov. under economic research and data link you will nd the data
the demand curve for a product is given by qxd 1200 - 3px - 0.1pz where pz 300. what is the cross-price elasticity of
question 1which of the following is true for price discriminationselect onea.regards normative assessment of the
If the U.S. dollar depreciates against the euro and purchasing power parity holds, would a Big Mac in Europe become more or less expensive? Why? If purchasing power parity doesn’t hold, does an American tourist in Europe pay more or less for a Big Ma..
What is the policy credibility and how is it relevant to the problem of reducing high inflation How is credibility related to the time inconsistency problem What are the evidence of the Phillips curve.
Is the federal funds rate currently too high or too low, Suppose that a year has gone by, output is now just 1 percent above potential, and the inflation rate was 1.5 percent over the year. What federal funds rate should the Fed now set (assuming tha..
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