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Explain how applying the Huntington-Hill apportionment method helps to avoid an Alabama Paradox.
The cost of a seasonal pass to six flags great adventure is not much more than a weekly pass.
If the CPI was 120 last year and is 132 this year, what is this year's rate of inflation? Instructions: Round your answer to two decimal places. In contrast, suppose that the CPI was 120 last year and is 118 this year. What is this year's rate of inf..
I recently purchased skim milk instead of soy milk because skim milk was less expensive. Describe how the law of demand affected my purchase and discuss new equilibrium price and quantity.
Based to the News, how much more did the average household spend on appliances, electronics, and furniture when it received the 2008 tax rebate?
the widget industry in anytown is a monopoly controlled by widget corp. its demand curve for the local market is given
This post denotes a practice question for the Sherman Act.
marys fence post factory faces a perfectly elastic demand curve for fence posts at a price of 39 per post. let q
At this level of real GDP, consumption will be $___, and savings will be $___. If GDP were to increase by $1000, consumption would increase by $___. (round your responses to the nearest dollar.) At a real GDP levelof $6000 the average propensity to..
Adam Smith's idea of the "invisible hand" tries to convey the idea that while there are free markets and people conduct their economic affairs in their own best interests,
Some possible platforms on which to write are comparative advantage, gains from trade, World Trade Organization and trade restrictions.
Compute real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow? Compute the value of the price index for GDP for 2005 by using 2004 as the base year. By what percent did prices increase?
How many bushels of corn are purchased by consumers and at what price? How many bushels of corn are purchased by the government and at what price? How much does the program cost the government? How much revenue do corn farmers receive.
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