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The increase in prescription drugs cost, increases the drug companies profit. Should there be restrictions to lower consumer cost and how much of their profit should be reinvested into research and development?
Explain the significance of business cycles, business fluctuation, recession, peak, trough, expansion, trend line, depression, depression scrip.
To which category of U.S. GDP expenditure does each of the following correspond? Using any relevant information below, calculate GDP via the expenditure approach. Nominal GDP in Nowhereland in 2002 and 2003 increased from $4 trillion to $4.8 trillion..
q. in the early 1980s new legislation allowed banks to pay interest on checking deposits which they could not do
Would you recommend the Federal Government or the Federal Reserve Bank undertake expansionary or contractionary policy now? Why or why not?
Suppose that you formed a company with some friends two years ago. The company is in the broad sector of retaillocated in any country (including small islands).
Describe the concept of marginality and diminishing marginality.
Ugula sells rubber band in the domestic market. Their equilibrium price is $10. Ugula does not have competitive advantage in the production of rubber band. 1) Ugula now allows free trade. illustrate and explain what happen. 2)if a tarriff were put in..
You should legibly handwrite or type the answers to the following questions on a separate sheet of paper. These must be submitted in class (not via email unless you have permission). Explain why the existence of a negative externality creates market ..
Some famous economists are quoting there is no gender gap anymore in Canada. Are they correct? Explain with data. And what is the situation in the United States
The fastest growing category of government expenditure is. The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that the government collects in taxes when the economy goes into a rec..
Originally when he could work as many hours as he wanted at a wage w, Roy chose to work seven hours a day. The employer now offers him w for the first 8 hours in a day and an over-time wage of 1.5w for every hour he works beyond a minimum of 8 hours...
Describe graphically why someone guaranteed an annual salary might choose to work fewer hours than someone who could earn that same amount through hourly pay.
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