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This post addresses the economics of reducing poverty.
Why is rising per capita income necessary but not sufficient for broadly reducing poverty and improving human welfare?
Discuss some of the strategies advanced for the reduction of poverty in developing countries.
Real money demand is greater than the real money supply, interest rates must rise to reach equilibrium in the money market as people sell bonds to obtain more money.
Rachel utility function is given by U= I 1/2 , where I represents annual income in thousands of dollars. Assume Rachel is currently earning income of $23,000 (I =23) and can earn that income next year with certainty.
Explain why is it that a firm in a perfectly competitive market can sell as much as it wants without a change in price occurring? As a result, what is the elasticity of demand affecting the firm then.
Fastly Delivery Corporation has two divisions.
In recent years, consumption spending by households has accounted for about 70% of the total spending (aggregate demand) in the U.S. economy.
Explain when an economy ever pursue a contractionary fiscal policy.
Different races now or likely to be in workforce of the future depends on the US populations racial demographic changes.
Illustrate what type of fiscal policy did the Congress enacted while the effects of Hurricane Katrina.
Describe why the following statement is true: It is possible for average variable cost (AVC) to rise while average total cost (ATC) declines.
Show the area on the graph that would correspond to consumer's surplus earned by the typical boarder/skier with this payment scheme. Explain your answer briefly.
If a industry wants to raise total sales revenue. What happens to the demand for beer if the price of soda falls.
When a recession is over, do people begin to immediately feel the effects of an efficient economy? Use the experience of the most recent recession to justify your answer.
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