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How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods?
Please post 200 - 300 word minimum response.
Assume that products A and B are produced in competitive markets by different firms and are close substitutes. How would an increase in the price of product A affect the price of product B, and total expenditure on product B? Is the Law of Demand met..
What price should the leader charge to drive all the small firms out of the market? Write the marginal revenue function of the dominant firm.
Which of the following will lead to a decrease in the average length of job search?
Briefly explain whether it is possible for firms in a perfectly competitive market to earn zero economic profit even if they have incurred a sunk cost upon entry into the market. Given an example of such a cost.
Suppose autonomous consumption is $500, government spending $1,000, panned investment is $1,250, and net exports are -$250 and the MPC is 0.8. What is the equilibrium value GDP?
How much revenue will the government raise by taxing Beatriz? How does that revenue compare to her economic losses? Does the new tax raise enough revenue to compensate her for her loss?
Neal Rubin, while driving his car in Chicago, inadvertently blocked the path of a Yellow Cab Co. taxi driven by Robert Ball, causing the taxi to swerve and hit Rubin’s car. Angered by Rubin’s driving, Ball got out of his cab and hit Rubin on the head..
Suppose you have 10 individuals with values {$1, $2, $3, $4, $5, $6, $7, $8, $9, $10}. Your marginal cost of production is $2.50. What is the profit-maximizing price?
An industry which has no barriers to entry, no product promotion strategy, a standardized product, and a very large number of firms operating within it, is said to have:
If the Brazilian demand for American exports rises at the same time that U.S. productivity falls relative to Brazilian productivity, then, in the long run, ________, everything else held constant.
What is meant by the balance-of-payments? Make sure to illustrate your understanding of the concept by providing a thorough explanation with an example
A monopolist's demand curve is given by P = 100 - 2q. (a) Find his marginal revenue function.
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