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Mike, Bill and Ed have different preference levels for their support for military spending on overseas operations. Mike is a hawk and his preferences are ranked in order: high spending, medium spending, low spending. Bill is a moderate and his preferences are ranked in order: medium spending, low spending, high spending. Ed is a pragmatist. His preference is for limited spending but if we have to engage he believes we should go "all in" and thus his preferences are ranked in order: low spending, high spending, medium spending. Explain in detail how this voting situation would not lead to political equilibrium. show the rounds of voting as was detailed in class). Explain what the implications are for government decision-making in this decision context.
question 1explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing
What is the most important factor leading to rising health care costs in the United States since 1980? a)The increased use of expensive medical technology b)Teh aging U.S. Population
The demand curve for haircuts at Tanas Hair Design is P = 40 – 0.40Q where Q is the number of cuts per week and P is the price of haircut. At a price of $15, should Tanas raise the price of the haircuts?
The government make a decision to finance the increased expenditures need to close the GDP gap, by rising taxes. Determine the necessary changes in government spending and taxes to close the GDP gap?
Prepare a report - The Report should including minimum the below points : Determinant of Demand for Electronics In China
Distinguish between explicit and implicit costs, giving examples of each. Differentiate between accounting profit, normal profit and economic profit.
Describe what happens to the economy when interest rates are lowered and the economy is at near-full employment using (The Aggregate Demand-Aggregate Supply Model) The end of your discussion should state the final effects
1. Consider the situation of the concept of Green energy policy and conservation. What is the issue at hand and what are they hoping to do Explain. 2. What are the anticipated benefits of using the electric cars and the new florescent light bulbs E..
The manager of a coporate division faces the possibility of an audit every year. She prefers to spend time preparing if she will be audited; other wise, she would prefer to invest her time elsewhere. The auditor, who gets recognized for uncovering..
1 the great philosopher rogers once said that you need holding knowledge h folding knowledge f and economics knowledge
The major changes that have forced differences are changes in the place of women in society as more equal in terms of jobs and working, more out of wedlock births creating more single families, less stigma by society on men who do not participate ..
two important policy goals of the government and the fed are to keep unemployment and inflation low while at the same
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