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Explain why "globalization" may well be related to "long-term household wealth" and the domestic "velocity of money" in the U.S. macro-economy.
Assume that there are 10 firms in the oil industry producing a specific type of processed petroleum. Given the price P, how much will each non-cartel firms produce? i.e. what is (q1 q2 q3 q4)? Using the optimal rule MR=MC, find the optimal quantity p..
What is the benefits of market place clearing? In relations to health care providers, Is it more beneficial to the supplier of consumer?
Suppose someone tells you that, over time, free trade is helping capitalists and harming workers. What fact would you cite to challenge this statement?
“If the assumptions of the median voter model hold, then using majority voting to determine the amount of a public good purchased by a city will lead to either an efficient level of the public good being provided or an under-provision of the public g..
The Coase theorem suggests that efficient solutions to externalities can be determined through bargaining. Under what circumstances will private bargaining fail to produce a solution? Explain with a creative and unique example.
Paper creates a fundamental contradiction. Your task was to recommend policies to protect the industry in the event of the next economic crisis. Your main recommendation was to open the industry and allow more competitors into the industry.
Define absolute and comparative advantage in your own words. Elucidate how absolute and comparative advantage were used in your simulation.
soda consumption, the government has placed a tax of $4 per two-liter bottle that is added to the consumer’s bill at the checkout. Before the tax was imposed, what was the equilibrium quantity? After the tax is imposed, what is the equilibrium quanti..
Evaluate the federal fiscal policy and monetary policy in terms of the Austrian approach to macroeconomics and the Structuralist Keynesians. While preparing your answer, pay particular attention to their impacts on the national economy and income dis..
Assume that the equilibrium price for a good is $7 and the equilibrium quantity is 100 units per week. At a price of $4:
Jones Co. borrowed money that is to be repaid in 12 years. So that the loan will be paid back at end of the 12th year, the company invests $8,000 at end of each year at 5% compounded annually. Using the tables in the Business Math Handbook that accom..
John opens a savings account by depositing $5000. The account pays 2% simple interest. After 3 years, John makes another deposit, this time for $6000. What will be the amount in the account when John withdraws the money 7 years after the first deposi..
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