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Explain why economists teach that free competitive markets (with secure property rights, no externalities, and so on) in equilibrium are highly likely to be very good social mechanisms for societies to utilize in order to organize the production and consumption of commodities?
Coming amid continued turmoil in the financial and credit markets, the report sent stocks lower, with the Dow Jones Industrial Average falling 146.70 points Friday to close at 11,893.69.
One hundred dollar of interest is paid each month on an investment of $10,000. If interest is compound monthly, what is the accumulation at the end of two years?
Andrew belongs to a culture in which most people including Andrew have freedom in their economic and political pursuits. Further, this culture gives priority to Andrew's interests over the interests of the relevant social unit. Which of the following..
In January 2001, $1 was equal to 1.06 euro. By January 2012, $1 was worth 0.76 euro. As a result of the change in the value of the dollar:
The quality and amount of education the typical person receives caries substantially across countries. Assume that education (E) affects only the level of the efficiency of labour, and that countries are otherwise identical (in terms of saving rate, ..
An Industrial machine was purchased for $500,000 and and additional $50,000 was required for site prep and installation labor. The freight for the delivery was $10,000. The company received a trade in allowance of $75,000 on an old machine which had ..
What would be the expected value of a bond if the annual interest payment is $80.00, the bond matures in 4 years, the principal is $1,000, and the yield to maturity is 9%?
The probability of accepting the next wage offer is: Which of the following would be considered a real (as opposed to pecuniary) externality associated with migration? The longer the expected length of tenure on the job:
q1. beer n pizza is complements because they are often enjoyed together. when the price of beer rises what happens to
Among which of the following receives government subsidies that are in place to protect the population rather than for economic reasons.
For a firm in the widget industry, X = 100L - L2; where X is the quantity of widgets produced, and L is the number of labor hours hired. The demand for this firm's output is perfectly elastic at a price of $1 per widget. First suppose that the firm i..
Using a budget constraint and a map of indifference curves, show graphically and explain whether the following statement is true. If all prices double and the consumer's income also doubles, there will be no change in the equilibrium bundle of goods ..
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