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Explain how an acceleration of the GDP growth rate could have contributed to the fall in the debt-GDP ratio during the 1990's.
Suppose the government applies a specific tax to a good where the demand? elasticity,epsilon ε?, is negative −1.1?, and the supply? elasticity, η?, is l.5 If a specific? tax, tauτ?,of ?$1.50 were placed on the? good, what is the price increase that c..
Suppose that the U.S. the demand for phones is given by P=700-Q that the supply is given by P=200+Q. In Korea suppose the demand is given by P=600-Q and supply is given by P=50 + (Q/2). Please regard phones as a homogenous product. Prices are all in ..
Your firm is considering a potential investment project, and your finance group has prepared the following estimates: and NPV of $10 million if the economy is strong (30% probablility), and NPV of $4 million if the economy is normal (50% probablility..
You would like to save money to buy a new car that costs $10,000, but currently only have $8,000 and you know you won’t have any further excess savings to contribute more to it. You have available to you a fairly good savings account which pays conti..
Oligopoly is the predominant market structure in the airline industry. In the express package business, FedEx, UPS, and DHL compete in the global air express industry. In the US, FedEx and UPS are a duopoly. FedEx and UPS financial indicators such as..
A person should consume more of something when its marginal A. cost equals its marginal benefit. B. benefit is still positive. C. cost exceeds its marginal benefit. D. benefit exceeds its marginal cost
Scarcity is the main reason we are studying economics. Scarcity exists when human wants exceed available resources. Write a four paragraph post that explains the difference between a want and a need? Please give five examples for each of these two co..
A negative externality causes private markets to produce a level of output that is :
Over the past seven weeks, we have explored the foundational concepts and principles of microeconomics, and we have applied them to the world around us. Take this time to share what you have learned with your classmates. Choose one microeconomic conc..
Using a graph show how each of the following labor markets (assumed to be competitive and initially in equilibrium) is affected by the following changes. Make sure your graphs are completely labeled-indicating whether the supply or demand in each..
Your audience is a group of federal agency managers who are participating in a conference on "Best Practices" for adopting and deploying mobile applications for digital government services. Go to Federal Government Mobile Apps Directory for exampl..
Which of the following will be recorded as a credit entry in the U.S. balance of trade in merchandise account?
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