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Provide 4 difference and distinct uses of taxes within our economy. Please use examples to explain the intended results and outcomes.(be specific)
what is elasticity? identify products which have an elastic demand. identify products which have an inelastic demand.
Go to the internet auction site eBay at www.ebay.com and pick the category Jewelry and Watches, followed by Loose Diamonds and Gemstones, and then Diamonds, Natural.
We draw any general conclusions about the relationship between market concentration on the one hand and price, profit, or total welfare on the other?
Presume that Denmark and France both wine and produce oil. France's opportunity cost of producing a bottle of wine is 5 barrels of oil while Denmark's opportunity cost of producing a bottle of wine is 10 barrels of oil.
when looking at a renewable resource such as fisheries explain what is meant by a sustainable yield. explain different
Suppose you own the home remodeling company. You're currently earning short-run profits. The home remodeling industry is the increasing-cost industry. In long run, what do you expect will take place to
Few states in the U.S. permit citizens to openly carry handguns. People can save themselves in the case of robberies or harm by using these guns.
1. under the gold standard there was penalty for running a payments deficit but no penalty for running a payments
Suppose a country is in a fixed exchange rate regime. Now suppose that individuals expect that policy makers will devalue its currency. Describe the various actions that policy makers can choose in response to this expected devaluation.
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The following question depicts the market for oranges from Murray valley, which are sold in units of 90 kilogram boxes. The upward sloping (orange) line represent soppy , and the downward slopping(blue) line represent demand
describe the principle of utmost good faith. why is this higher standard applied to insurance contracts? what are some
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