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Q. In market based economies, firms rarely worry about the availability of inputs to produce their products, whereas in command economies input availability is a constant concern. Explain the difference.
Q. Suppose you buy a bond for $100 that pays 4% per year. Explain how much money willyou have earned when the bond reaches maturity in five years?
Starting with the situation in part d, suppose the government starts taxing the population $30 each year without spending anything.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
In which directions are they pushing or pulling the U.S. economy. Also, do you think the gap between real GDP and potential GDP will widen or narrow.
If congress decides to reduce the tax paid per pack paid by sellers of cigarettes other things being equal the cost of cigarettes will fall.
What factors might these types of stores have in common behind their declines.
One day you realize you're tired of smelling like refried beans all the time and begin thinking about starting your own business. After doing some investigation you decide to spend 15 hours per week running a photocopy service in your dorm.
In general, illustrate what happens to the level of consumer surplus as the price of a good falls.
Growth rates in follower nations such as South Korea also Hong Kong averaged about 10 percent every year.
Depend on this information, which market structure best characterizes the industry in which Forey competes.
Compute the price elasticity of demand for TV Plasmas. Explain how could we classify the demand for TV Plasmas.
Explain why the different definitions are important also explain the different procedures of the money supply.
Most macroeconomists believe it is a good thing to taxes act as automatic stabilizers also lower the size of the multiplier.
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