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Several years ago, flooding along the Missouri and the Mississippirivers destroyed thousands of acres of wheat.
a) Farmers whose crops were destroyed by the floods were much worseoff, but farmers whose crops were not destroyed benefited from thefloods, why?
Thelma and Louise are neighbors. During the winter, it is impossible for a snowplow to clear street in front of Thelmas house without clearing the front of Louises.
What factors led to the mortgage default crisis How did mortgage defaults affect banks involved in mortgage lending and mortgage investing Securitization TARP What do these mean
Myra receives a $20,000 gift from her cousin and inherits $80,000 in corporate bonds from her Aunt. Myra receives $7,000 in interest income from the bonds. How much does Myra include in gross income?
So many states provide firms with an investment tax credit that effectively reduces the price of capital.
Suppose that a competitive industry is in long Run competitive equilibrium. Then the price of substitute good (in consumption) decreases. What will happen to the short run to
Brand names can be important to the success of a firm in some industries. Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competition. What is the goal of creating a brand name for each of these mark..
Using aggregate demand, short-run aggregate supply, and long-run aggregate supply curves, explain the process by which each of the following government policies will move the economy from one long-run macroeconomic equilibrium to another.
Illustrate what are the major differences among an open and closed economy
Corn is used in the production of ethanol, which is a substitute for gasoline that can be blended with gasoline to stretch oil supplies in producing refined gasoline. Much of the farmland in the America Midwest can be planted with either wheat or ..
In the boom years of the late 1990s, it was often said that rapidly increasing stock prices were responsible for much of the rapid growth of real GDP. Explain how this could be true by using aggregate demand and aggregate supply analysis.
Assume after 10 years real consumer spending doubles to 100. Explain how much do you believe will be the budget share of leisure.
what is a balanced budget rule for the federal government what are the economic consequences of it (EXPLAIN) Should a candidate for a national office support such a rule
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