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Why might a group of countries wish to have a common currency? Explain four reasons.
Explain is there a relationship among the age of an unemployed individual and the number of weeks of unemployment.
To produce a boat, you need wood as an intermediate good. If this country imports both boats and wood, a 10% tariff rate can be imposed on boat imports, and a 5% tariff rate can be imposed on wood imports. The effective rate of protection after impo..
Two firms are ordered by the federal government to reduce their pollution levels. Compare the social efficiency of three possible outcomes: require both firms to reduce pollution by the same amount; charge a common tax per unit of pollution;
A student recieves the grades shown below, with an A worth 4 points, a B worth 3 points, a C worth 2 points, and a D worth 1 point.
Mari Sue, who is 16, crashes her mother’s car. Her mother is responsible for the damages caused by her daughter under A. contributing to the delinquency of a minor law. B. family car doctrine. C. failure to exercise proper supervision law. D. none of..
What is meant by functional distribution of income in macroeconomic analysis? And explain how this form of distribution of income can generate income inequality
Galvanized Products is considering a new computer system for their enterprise data management system. The vendor has quoted a purchase price of $100,000. Galvanized Products is planning to borrow one-fourth of the purchase price from a bank at 15 per..
What is the efficient level of entrance fee and the number of visitors at this fee level (assume no congestion problems)?
Why do perfectly competitive firms make zero economic profit in the long run?
With growing Air-traffic, what sustainability challenges is the aviation sector bound to face in the next 10-15 years to include the COVID-19 pandemic?
Explain the market structure for these products and the reason for advertising? Is advertising a waste of resources?
In the final round of a tv game show, contestants have a chance to increase their current winnings of $1 million to $2 million. if they are wrong, their prize money is decreased to $500,000. A contestant thinks his guess will be right 50% of the time..
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