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Give an example, in your opinion, of the economic and/or political forces that shape government decisions with respect to mandated minimum price supports for any product or service: (i.e. sugar prices, milk prices, and minimum wages). In your opinion, give an example of the economic implications for supply and demand and hence economic efficiency.
Calculation of the unemployment rate and part time workers who would prefer to work full time.
What will the effects of the tax be in the short run on industry output and price. Will the price rise by the full ?ve cents in the short run.
The postal service carrier works on Sunday delivering special high-priority letters. She can deliver 15 letters per hour. The hourly fixed costs (vehicle depreciation, insurance, etc.) equal $42, and the hourly variable costs
Business-to-Business e-commerce (e-B2B) is the electronic transactions conducted between businesses. Compare and contrast the various e-B2B models, types of B2B transactions, and B2B partnerships.
Suppose a closed economy decides to lower taxes (assume Ricardian equivalence does not hold), all else held constant. What will happen to savings, investment, and the interest rate? Show graphically what happens (be sure to label curves, axes, equili..
Suppose you own and operate a coffee shop in your hometown. Each year, you receive revenue of $200,000 from coffee sales, and it costs you $100,000 to obtain your raw materials. In addition, you pay $20,000 for electricity, taxes, and other expenses ..
If investors dislike of risk grows more intense while the risk-free interest rate is constant, will average expected rates of return rise or fall?
Use the Keynesian-cross model to illustrate graphically the impact of an increase in taxes on the equilibrium level of income.
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 28%, 26%, 23%, 10%, 7%, 4%, and 2%. What is the four-firm concentration ratio of the hamburger industr..
What is the relationship between GPA and Job Selection? (inverse or direct) What are other factors that affect job selection?
What are the major institutional changes that take place with economic development? Are these institutional changes causes or mere correlations of growth? Or is growth a cause of institutional change?
In "In Praise of Big Brother" (pp. 203-215), James Stacey Taylor argues for the optimistic conclusion that, with the right legal and procedural safeguards, large-scale governance surveillance would have many positive consequences. What are Taylor's b..
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