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Explain how each of the following people would talk about scarcity and trade offs:
(a) The leader of a developing nation
(b) A U.S. citizen whose income is in the top one percent
(c) A U.S. citizen whose income is in the bottom 5 percent
Illustrate what is the underlying factor which seems to help clarify whether or not the economy is self-adjusting.
Robert Nozick concluded which no state should provide any services beyond law enforcement.Illustrate what is the equivalent certain income to this bet.
Business firms become pessimistic about their future earning capacity as do banks. Nominal interest rates fall during recession.
Utilize your general knowledge of equilibrium prices to explain why the previous interest rate is no longer sustainable.
How much equity would she have had in the house at the time of its sale.
What is the expected value and standard deviation of the safest investment strategy you can make by this means. What is the highest expected value you can achieve.
Suppose one insurance company decided to charge teenagers and adults the same premium based in the average risk of an accident among both groups.
Why would unemployment also job rationing the consequences of setting a minimum wage of 2 dollar every hour in this marketplace
Use the aggregate expenditure model to explain the following statements from the opening news article.
Compare also contrast the four marketplace models in terms of the profit-maximizing.
Suppose a wage increase from $25 to $27 an hour increases the number of job applicants from 52 to 66. Illustrate what is the price elasticity of labor supply.
Explain how can changes in macro environment affect industries through the microeconomics factors of demand, production, cost and profitability.
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