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According to Keynes, "In market economies depressions are caused by the exhaustion of investment opportunities and the rigidity of saving." Explain. Would it be fair to say that the Say's law is eventually prone to break downs in a market economy? Why so? Why according to Keynes and Kalecki does such a problem not exist under command systems?
what is the wage, quantity hired, wage plus employer taxes and wage minus employee taxes if employees pay a $6 tax?
Two canadian workers, Dan and Nikki, can each produce stoves of apples. Dan can produce either 140 pounds of apples or 1 stove per month. Nikki can produce either 80 pounds of apples or 1 per month. what is the most of each good that canadians can co..
"When workers already have a large quantity of capital to use in producing goods and services, giving them an additional unit of capital increases their productivity only slightly."
Recycling paper is often praised because it allegedly (ostensibly) helps to preserve forests. Under which assumptions is this a sound economic argument? Are these assumptions realistic? What happens if they are abandoned?
How to calculate supply and demand using surveys and statistical methods; changes in the supply and demand framework that have impacted the healthcare market; changes in supply and demand curves including graphical representations of such changes; an..
The dancing machine industry is a duopoly. The two firms, Chuckie B corp and Gene Gene Dancing Machines, compete through Cournot quantity-setting competition. The demand curve for the industry is P = 120-Q, where Q is the total quantity produced by C..
Explain how complicated fares and the perception of inequity between two different passengers might hurt the credibility of airlines.
As people consume more and more of a particular good or service, we can predict that a. Marginal utility of each additional good consumed will fall and total utility will increase, but more rapidly than before
An economy produces 2 goods soda a beer. Fully explain why the marginal cost function in the beer industry derives from the marginal benefits of the soda that is given up when beer is produced.
A farmer’s field grows 30 bushels of corn and 10 bushels of beans. The farmer can either consume these crops herself or trade them, with one bushel of beans being traded for one bushel of corn. Graph the farmer’s budget which is the possible combinat..
Define the term "innovation." What is innovation anyway? Is it the same as New Product Development?
An investment project has expected or average annual cash flows of$50,000 with a standard deviation of $20,000. The distribution of annual net cash flow is approximately normal. Determine the probability that the annual net cash flows will be less th..
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