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If the government decides to increase personal tax to raise its tax revenue, what will be the impact on the economy?
1) Both the price level and the equilibrium level or real output will decrease
2) Both aggregate demand and aggregate supply will increase
3) Price level will increase, and total production will decrease
4) Price level will decrease, and total production will increase
Explain what you know about how unemployment benefits work and your opinion on the unemployment compensation system.
1) Explain the concept of a price elasticity of demand. What does it mean to be highly elastic? Inelastic? What does an elasticity less than -1 (or greater than 1) indicate? What about greater than -1 (or less than 1) 2) Healthcare markets are unique..
question 1.you are at the tail end of your career working as a high priced consultant for a firm that you are partner
Is this a form of post-investment hold up?
What would be the impact of a minimum wage set above the equilibrium wage on the labor market? Will it create a surplus or shortage of labor? Which sector of the labor market is affected most by this minimum wage?
Discuss how payment systems have evolved over time to reduce transactions costs and predict how technological advancements will continue to reduce transaction costs in the future. Provide specific examples to support your response.
Why is there a social cost to monopoly power? If the gains to producers from monopoly power could be redistributed to consumers, would the social cost of monopoly power be eliminated? Explain briefly.
Alfred Kahn, currently an economics professor at Cornell University, led the United States drive to deregulate airline industry as chairman of the Civil Aeronautics Board under President Jimmy Carter.
our company wants to invest in a new technology driven product. it is a significant investment so management wants a
assuming that all other factors remain unchanged determine how a firms breakeven point is affected by each of the
What factors influence the size of the revenue, protective, consumption, and redistributive effects of a tariff?
What is your definition of Market Competition? List a product that you use that falls closer to the perfect competition model. Why do you think this product.
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