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How do supply and demand affects buyers and sellers behavior and how they interact with one another.
Consider a model of the American economy where the level of income (Y) is produced with two factors of production, land (X)
Which of the following statements is true about extensive-form games?
In the early 2000s, analysts feared that low academic achievement in math in the United States may reduce U.S. economic growth by as much as half a percentage point a year. "That drag will become increasingly apparent…as other countries dismantle reg..
The classic example of opportunity cost is the costs of going to college. Illustrate the implicit opportunity cost of foregone income as well as tuition, books, etc. Think about whether room and board should be considered a cost of college. Calculate..
Using the internet, research a case where an individual claimed discrimination, either in his or her hiring or firing
q.1. real wages and productivity-are workers paychecks keeping up? over the long run traditionally real wages grow at
Professionals require advanced training and experience, they must exercise discretion and judgment in the course
Explain Alfred Marshall's theory of a long run (long period) competitive equilibrium (the theory still used to this day to explain the long-run outcome of perfectly competitive markets).
Between 2013 and 2014 in a particular nation, the value of the consumer price index—for which the base year is 2010—rose by 9.091 percent, to a value of 120 in 2014. What was the value of the price index in 2013?
Which is true in the aggregate supply / aggregate demand model? Contractionary fiscal policy would consist of. An inflationary gap occurs when.
Illustrate what is the underlying factor which seems to help clarify whether or not the economy is self-adjusting.
You hold an auction among three bidders. You estimate that each bidder has a value of either $16 or $20 for the item, and you attach probabilities to each value of 50%. What is the expected price? If two of the three bidders collude, what is the pric..
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