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Q. Jon Brooks quit his job in a bicycle shop, where he earned $15,000 per year, to become a graduate student in economics. At university he attended, he spent $2,000 on books, $1,000 on cough medicine and earned $12,000 as an economics instructor. Illustrate what were Jon's economic costs while attending college?
Suppose that investment decline by 40 units to a level of 60. What will be the new level of equilibrium income.
How does the change of consumer and producer surplus compared to the tax revenue.
What steps can a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept.
According to national income accounts, investment always equals savings in a closed economy. only in equlibrium would savings be equal to investment. hence, we are always in equlibrium. true or false.
Which of following claims concerning importance of effects that explain slope of U.S. Aggregate demand curve is correct.
Illustrate what happens to the equilibrium price and quantity in each market. Which product experiences a larger change in price.
Illustrate what is repayment amount if you make a cash loan. Illustrate what does cost-of-carry of futures or forward pricing mean? Explain how is it related to storage cost of gold.
Describe, using complete sentences, at least three specific features which your ideal bank would provide to you.
Illustrate what is the ability to pay principle in public Fiance also what are some of the problems implementing it.
If in an economy a $120 billion increase in consumption spending creates $120 billion of new income in the first round of the multiplier process.
The united states exports a substantial amount of scrap iron and steel to Japan and other countries. Explain Why do some US users of scrap iron and steel support a prohibtion on these exports
What fraction x of your money should you invest in risky asset in order to maximize your utility. What happens if A is large.
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