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For each of the following, describe some of the potential opportunity costs:
a. Studying for your economics test
b. Spending 2 hours playing computer games
c. Buying a new car instead of keeping the old one
d. A local community voting to raise property taxes to increase school expenditures and to reduce class size
e. A number of countries working together to build a space station
f. Going to graduate school
Y at PPP is only 0.05. It is well-known that investment rate dierenHSL39502.bmpe when measured at a common set of prices while very small when measured at domestic prices.
Indicate profit- maximizing level of output. If the price was $3 and fixed costs were $5, what would vaiable cost be? At what level of output would the firm produce?
For theEssay, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course.
As internet banking spreads, velocity begins to increase at a rate of 3 percent per year. What will happen to the rate of inflation? How could the ECB offset the impact on inflation.
Costs imposed on future users of a resource are called ... 1) Transactions costs 2) Social costs 3) Private costs 4) Depletion costs 5) User costs
what are the various formes of dispute resolution available to your company? what are the advantages and the disadvantages of each for your company?
In the late 1990's, care leasing was very popular in the United States. A customer would lease a car from the manufacturer for a set term, usually two years, and then have the option of keeping the care. If the customer decided to keep the car, the c..
Examine any foreign currency of your choice (preferably one from an emerging market), and provide an analysis of that currency against the U.S. dollar over the 5-year period
A lump-sum tax causes the after-tax consumption schedule to be flatter than the before-tax consumption schedule
If the government purchases also taxes are both increased by $100 billion simultaneously illustrate what will the effect be on equilibrium output.
illustrate the effect of an increase in P2 on the consumption of both x1 and x2. Label income and substitution effects for both goods.
Illustrate what was the growth rate of the GDP deflator between 1999 and 2000. Elucidate what was real GDP in 1999 measured in 1996 prices.
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