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Discuss the notion that "greed is good" in the context of perfectly competitive market and in that of a monopoly .how much greed manifest itself in a perfectly competitive market in long run equilibrium
It is well known by now that industrial production (consumer products and services) usually entails pollution of some sort and often hazardous production practices; yet this production continues.
Describe the economic growth scenario for U.S in the aftermath of the Great Recession. Explain. Explain this: how is economic growth affected by prevailing employment or unemployment levels in the economy?
Over the past 20 years, economics has been divided and classified in a number of ways. Behavioral economics, even though discussed and researched over the past years, it hasn't been truly 'defined' or even separately categorized on it's own. If you h..
The market demand functions for corn is Qd = 15 – 2P, and the supply function of corn is Qs = 5P – 2.5. Suppose the government gives corn farmers a $0.70 subsidy per bushel of corn. What will be the effects on aggregate surplus, consumer surplus, and..
Draw a supply and demand graph for both the short run and long run money markets and explain the impact of an increase in the money supply on each market.
Illustrate what about Italian labor-force participation rate and unemployment rate.
q. 1. patent systems can be worthwhile if induced innovations are important also if the rewards from patents speed them
q1. wanda owns a fish shop. she employs students to sort and pack the fish. students can pack the following amounts of
Define the key aspects of “Western Civilization” and discuss the different ways historians might understand the term. How “west” is the West, for example? What are the most important changes, in your opinion, that Western Civilization brought to huma..
Suppose that there are 2,300 employed people in the economy and 200 unemployed people. Suppose, further, that 23 percent of the unemployed find jobs each month and that 2 percent of the employed lose their jobs each month. Suppose that the unemployme..
Explain how many cars does the United States export. Suppose a car costs $10,000 on the world market. How much, then, does a barrel of oil cost on the world market.
Economic theory would suggest that the profitability of an industry would be
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