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Do you think a nation's output should be distributed according to income or according to some other standard (such as basic human need)?
Consider the Great Recession of 2007-2009, explain what you would expect to observe in the labor market during the recession and then explain what you would expect to observe in the labor market five years later. Questions to consider when formulatin..
Assuming that the marginal product of labor is constant between 10 also 11 workers also the marginal product of capital is constant between 3 also 4 machines.
Examine each of the pieces of legislation and give an example situation for each. Discuss what individuals can do to protect their privacy.
Calculate the elasticity of demand for good X with respect to the price of X, the price of Y, income, and advertising. Calculate consumer surplus at the profit-maximizing price if the marginal cost is $264.
Airline travel and train travel in Europe are substitute goods. Suppose the price of airline travel decreases. Explain what happens to the demand curve for airline travel. The demand curve for airline travel would increase because
List three reasons that firms exist. Do any of the reasons imply that the command and control of centrally planned economies is the appropriate form? What are the similarities and differences between firms and centrally planned economies?
q. in 2005 hurricane katrina caused massive destruction in the u.s. gulf coast. tens of thousands of people lost their
In a country, 70% of the population is white, and the remaining 30% black, 40% of the white and 90% of the black are Democrats.
Will it be easier for tax payers to pay off public debt if the money borrowed by the government is spent on education and public infrastructure, or if it is spent on unemployment insurance? Can the government cause a recession and then limit the stre..
American Girl doll has an inverse demand curve of P = 150 – 0.25Q, where Q measures the quantity of dolls per day and P is the price per doll. The marginal cost is given by MC = 10 + 0.50Q. What is the total surplus at the profit-maximizing output le..
Suppose that the GDP of California increases by 14% each year. How long will it take for the GDP of California to double? Suppose that the GDP of Oregon today is exactly twice what it was 37 years ago. What was the average annual growth for Oregon ov..
A new car is purchased for $12,000 with a 10% down, 9% loan. The loan is for 4 years. After making 30 payments, the owner wants to pay off the loan's remaining balance. How much is owed?
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