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Quotas and mandates reduce society's happiness
Discuss the following from an economic perspective and give numerical examples:
Quotas and mandates reduce society's happiness by causing too few resources to flow to an industry where the government has intervened.
Which type of firm faces the most elastic demand curve? In which of market structures are firms able to earn both accounting and economic profits in the long run?
Suppose the academy agrees explain how many athletes are required to eliminate the deficit.
Illustrate what factors will increase or decrease the level of international capital mobility between one nation and the rest of the world.
Show that the government can achieve the social optimum by setting the correct tax prices a, b, and c. What prices should it set?
Explain how do the fiscal policy changes play a role in the theory of political business cycles
In a few weeks Professor Smith will be taking his daughter Attilla to the State Fair. Calculate the Marginal Rate of Substitution (MRS).
Calculate the multifactor productivity figures for labor and capital together. Elucidate why these figures might be greater in the subsidiary.
Give the before-tax charcoal price and quantity exchanged. Give the after-tax charcoal price to buyers, the quantity exchanged, and total tax revenues.
Elucidate economic influences which can affect the airline industry in a negative way.
Suppose the company wants to set its price equal to full cost plus 30 percent. To determine cost, the company must estimate the number of units it will produce and sell in a year.
Explain which of the following transactions would be directly counted in 2007's GDP. In each case, explain whether the action causes an increase in Consumption, Investment, Govt. Purchases or Net Export.
To what extent were monetary factors responsible for the recession of 1981 and 1982? Provide a full analysis and be specific. Please site references where appropriate.
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