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Is the Euro Zone an optimal currency area? Discuss whether the empirical facts support the theoretical conclusion that it is.
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An article in BusinessWeek warned of the dangers of deflation as the collapse of numerous Asian economies was creating worries that Asia might try to "export its way out of trouble" by oversupplying everything from automobiles to semiconductors.
Presume a price ceiling is set below the current market price. If the goal of the price ceiling is to reduce total expenditures, it will be successful
Consider the price-taking firm in competitive industry for raw chocolate. The market demand and supply functions for raw chocolate are estimated to be
If unemployment insurance were so generous that it paid unemployed workers 90% of their regular salary A. the official unemployment rate would probably understate true unemployment. B.
The theory of the Communists may be summed up in a single sentence: Abolition of private property,” This is from:
Which of the following explains why big business typically spends more on rent-seeking activities than customers?
The private marginal benefit for commodity X is given by 10 - X where X is the number of units consumed. The private marginal cost of producing X is constant at $5. For each unit of X produced, an external cost of $2 is imposed on members of socie..
Run a regression of testscr on str and avginc, where testscr and str are as above, and avginc is a measure of the average household income in the school district. What is the estimated effect of str on testscr?
During a fast and furious brainstorm session, Jill scribbled down several key phrases she will use to study tomorrow.
1. explain the changes in welfare caused by the personal responsibility and work reconciliation act of 1996. 2. to what
A market contains a group of identical price-taking firms. Each firm has a marginal cost curve SMC(Q) = 2Q, where Q is the annual output of each firm. A study reveals that each firm will produce if the price exceeds $20 per unit and will shut down
The accompanying graph (top of next page) summarizes the demand and costs for a firm that operates in a perfectly competitive market.
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