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Imagine that a "truth serum" existed that, when administered, would make everyone tell the pure, unedited truth in all situations. Discuss the pros and cons of such a product. (Are there times in which lying is necessary/acceptable? Or should it be abolished entirely?) Finish with a conclusion in which you either support or condemn the truth serum. Support your decision.
A consumer has preferences u(x) = 2x 1 2 1 + x2. The price of good 1 is p1 > 0 and the price of good 2 is 1. You may restrict your attention to interior solutions throughout. Explain whether these preferences are i) monotonic, ii) quasilinear, iii) e..
A basic assumption for comparing the straight-line production possibilities curves for two nations is that the production possibilities curves reflect.
The smaller the price elasticity of demand, the
Explain and illustrate graphically relationship between price consumption curve of a normal good and a consumer's demand curve.
Describe why it is often asserted that exporters suffer when their home currencies appreciate in the real terms against foreign currencies and prosper when their home currencies depreciate in real terms.
q1. consider the following numerical example of the simple keynesian model with no government spending or taxes all
The long-run and short-run aggregate supply curves reflect fundamental differences between long-run and short-run macroeconomic analysis. Graphically illustrate the long-run and short-run aggregate supply curves. Be sure to label the axes.
suppose that the aggregate expenditure curve can be expressed algebraically as AE=3,000 - 2,000r where AE is aggregate expenditures and r is the real interest rate expressed as decimal. You check the website of the Congressional Budget office and lea..
If you choose to contribute to a candidate’s campaign, to what extent is the candidate obligated to you as a contributor? Should your contribution influence public policy?
Salon owners have recently started offering teeth whitening services to clients in addition to their more standard services. In a number of states, regulators have ordered the salon owners to stop, claiming that this service constitutes the practice ..
A series of equal quarterly payments of $10,000 for 15 years is equivalent to what future worth amount at an interest rate of 6% compounded at the given intervals? A) Quarterly B) Monthly and C) continuously.
The terms of trade between two countries refer to
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