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Evaluate the Keynesian economists, besides John Maynard Keynes. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.
Illustrate what is the equilibrium price and quantity of hotel rooms on Manhattan Island.
What is the impact of the shrinking world on whether small to medium sized businesses should engage in international trade.
What are the strengths and weaknesses of the measure of welfare used by many economists: consumer welfare plus producer surplus.
Among which of the following receives government subsidies that are in place to protect the population rather than for economic reasons.
Discuss possible hold-up problems, importance of long term contracts, and possibility of underinvestment in labor that might occur under such compensation schemes.
Why might we imagine that this factor will continue to achieve the same effect in the future? iii. Indicate what factors might push in the opposite direction.
Identify the point on the budget constraint this worker has chosen. Explain how much is he working per day.
Assume the frequent flyer program has raised the cost of high-yield spill two fold since trade clients who are denied boarding now take their trade
Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this. Everyone should enjoy open access to health care. Health care subsidies will increase the consumption of health care.
Suppose life is discovered on Mars and that it turns out to be quite sophisticated. In fact, perfect competition prevails everywhere on the planet. Which of the following characteristics of Martian firms are we likely to observe.
Illustrate what environmental law, currently up for debate before a state or federal government, do you support also why.
In markets economics, firms rarely worry about the availability of inputs to produce their products, whereas in command economies input availability is a constant concern. Why the diference.
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