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using supply and demand illustrations and assuming competitive markets, what is the effect on equilibrium price and quantity on the virtual elimination of smoking in the population on the market for hospital services?
What do economists mean when they say that the price system (free markets) promotes economic efficiency? When are free market arrangements "inefficient" from an economic point of view Why is income inequality "efficient" from an economic point of ..
unemployment is one of the major concerns that people have in todays economy since losing ones job can be one of the
After a nation's (not USA) foreign-capital flows are frozen, a large international supply of USD dollars shows up. What happens to the quantity of USD dollars demanded.
Assume that the Fed perceives inflation on the horizon and decides to pursue a contractionary monetary policy.
The classic prisoner's dilemma involves two suspects, A and B, who are arrested by the police. Because the police have insufficient evidence for conviction on a key charge, they place the prisoners in isolation and offer each.
Illustrate what has been the real change in Bill's net worth.
a pharmaceutical company has hired you to perform an economic analysis on a currently ongoing project. experts from the
Your company is considering expanding overseas. It is particulary interested in developing markets, and narrowed its choice down to two countries, A and B.
An economist for a bicycle company predicts that, other things equal, a rise in consumer incomes will increase the demand for bicycles.
Suppose in the banking system as a whole, demand deposits are equal to $80,000,000 and reserves are equal to $17,000,000 with a legal reserve ratio of 10%. If the Fed doubles the required ratio, by how much will the money-creating potential.
Illustrate what is the effect of an import quota on the supply and price of domestic sugar. How many units of sugar will domestic produces supply after the quota is imposed.
If an alternative has monthly payments of $10,000 a month for three years with a purchase price of $75,000 at the end of year three, what would the cash flow diagram look like. what would the cash flow diagram look like
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