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Democracy, Government Responsiveness, and Electoral Accountability:
In the modern theory of the state, economists tend to think of the role of government as that of a (benevolent) social planner. How does the ‘new political economy’ depart from this traditional view of government as a social planner?
The slope of the AE curve is .80. What is the expenditure multiplier? Everything else the same, by how much does equilibrium aggregate expenditure increase if
Suppose that, in the long run, a pizza firm’s variable costs are V C(Q) = Q2/2 (where Q is the number of pizzas produced each day), its marginal cost is MC(Q) = Q, and there is an avoidable fixed cost of $50 per day. In the long run, there is free en..
Elucidate how the market system efficiently performs the functions of communication, cordination, and motivation in the distribution of resources to consumers.
Explain how an economy with a shortterm equilibrium below the longterm equilibrium will adjust to bring the two into alignment. Explain how an economy with a shortterm equilibrium above the longterm equilibrium will adjust to bring the two into a..
Explain what happens in these two markets as the number of sellers drops to only one seller. c) explain how part b) illustrates to the first experimental principle
What are some of the top reasons of consumers reporting lower life satisfaction, even though their purchasing power has recently increased?
Price elasticity of demand tells us more about the consumers' purchases than the law of demand. Define price elasticity of demand. How does it differ from the law of demand? Explain why we need to calculate the absolute value of elasticity of demand.
Elucidate how a temporary decrease in the U.S. money supply affects the money and FOREX markets. Label your short-run equilibrium point B and your long-run equilibrium point.
In a particular competitive market, the sellers have private marginal cost (PMC) equal to 2.5 at every output level. The demand curve has the equation P = 52.5 − (5Q/2), where Q ≤ 21 is the quantity bought at price P ≤ 52.5. Find the competitive equi..
The advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry.
For what values of Z does Heidi accept two independent plays of the bet? iii) is is possible for Heidi to reject the single bet but accept the aggregate bet?
Explain Management Information System and how it can help to grow your business and assess the impact of low-quality information on an organization and the benefits of high-quality information on an organization
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