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What are the 3 main determinants of economic growth?
Do we have to give from both demand and supply side?
Or can we just give from demand or supply side?
In the market for shirts, which of the following is a social cost?
Elucidate how each of the following people would talk about scarcity and trade offs.
According to foundation of economics by Robin Bade, in chapter page 80 the multiple choice question in table 1. Table 1 shows the PPF of an island community. Choose the best statement. Mary makes 10 pies and 20 cakes a day and her opportunity cost of..
Does the concept of technological efficiency permit us to determine at which point on an isoquant a firm should operate.
Charles' utility function is U(x;y)=xy. Anne's utility function is U(x;y)=1000xy. Diana's utility function is xy. Elizabeth's utility function is U(x; y)=-1/(xy+1).Fergie' s utility function is xy-10000. Margaret's utility function is x/y. Philip's u..
Small country Alpha exports lumber products obtained by cutting Alpha's forests. Cutting the forests creates negative external effects in Alpha.
As an analyst at the Treasury Department, you have been asked to predict the behavior of key macroeconomic variables for different scenarios on the state of policy between the US and Europe. A temporary restrictive monetary policy in the United State..
When the price of bananas is 50 cents a pound, the total demand is 100 pounds. If the price elasticity of demand for bananas is −2, what quantity would be demanded if the price rose to 55 cents a pound?
Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly. What characteristics of the industry make it a monopoly? What is the impact of the monopoly power on its customers?
This service agreement prohibits you from taking any action that negatively impacts Basis its reputation, products, services, management or employees. If you violate this clause, as determined by Basis in its sole discretion, you will be billed $3,50..
On July 27, 2015, the Shanghai Composite Index fell by more than 8%. To preserve asset value, the Chineese government halted trading in some companies and in short selling. How did these actions impact the efficiency of the Shanghai stockmarket? Were..
Assume that skilled wages are twice that of unskilled wages, and that half of the population fits into each category, skilled and unskilled. Graph the Lorenz curve and calculate the gini coefficient.
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