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Congress passes a sweeping health care reform bill that provides free medical insurance for all Americans.
A firm can determine how many resource units to acquire by comparing Marginal Revenue Product and Marginal Factor Cost, then continuing to acquire another unit so long as its MRP exceeds, or at least is no worse than, its MFC.
Investigate the Venezuelan economy. What is their current situation with price increases in that country? In other words, what is their inflation picture today? Explain some possible reasons for their situation.
If U.S. interest rates fall relative to Japanese interest rates and Japanese inflation falls relative to U.S. inflation, then the: The Federal funds rate:
Tom earns $15 per hour for up to 40 hours of work each week. He is paid $30 per hour for every hour in excess of 40. Tom faces a 20 percent tax rate and pays $4 per hour in child care expenses for each hour he works. Tom receives $80 in child support..
Assume which winemakers in the state of Indiana petitioned the state government to tax wines imported from other states.
Suppose that in 2013 PECO generated 100 billion kilo-watt-hours (kwh) of electricity that it provided to its customers at a charge of $.08 per kwh. What would have been the increase in consumer surplus?
The products are for fun, but are not necessities to most people. Who is more affected by the tax, the joke shop or the customers
Use the following table to classify each explanation for the high rate as an instance of either adverse selection or moral hazard.
Use the Solow model to work out the consequences of a one-time decrease in the total stock of capital (KT ) due to, for example, a natural disaster without loss of life. What happens to capital per worker over time? What about output and consumption ..
Draw a supply and demand graph for both the short run and long run money markets and explain the impact of an increase in the money supply on each market.
A study found that lower airfares led some people to substitute flying for driving to their vacation destinations. This reduced the demand for car travel and led to reduced traffic fatalities, since air travel is safer per passenger mile than car tra..
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