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Many proponents of public transit argue that the service should be provided free to the public in metropolitan areas in order to reduce pollution and traffic congestion. Estimates by economists found the price elasticity of demand for public transit to be 0.17. The economists also found the cross-price elasticity of demand with the automobile to be 0.10.
what will free public transit mean to the use of the public transportation service?
What will free public transit mean to the use of the automobile?
Elucidate how each of the following changes would shift the aggregate demand curve.
A monopolist is in long-run equilibrium and earning economic profits equal $100 million. The government imposes a lump sum tax of $100 million on the monopolist.
What is the comparison and contrast of the "life cycle" hypothesis and "permanent income" hypothesis and their respective implications for inequality in the income distribution?
It is impossible to select as BMW's and laser printers are fundamentally different goods with different purposes.
Assume your expected incomes in years one and two are $60,000 and $70,000 respectively. You have 40,000 in cash in year 0. Market interest rates for one-year loans are 8% in year 0 and 14% in year 1.
The idea that countries should produce and sell goods that they produce most effectively and efficiently, and buy goods that other countries produce most effectively and efficiently, is known as.
The economy has 100,000 adults , 10,000 are full time students and 20,000 are retired, the rest are either working or looking for work,and of those 7,000 are looking for work. How big is the labor farce/ what is the labor forc participation rate.
Suppose the Fed decided to purchase $30 billion worth of government securities in the open market. What impact would this action have on the economy?
Explain how much should it be willing to pay today for the office complex.
Explain why we cannot necessarily conclude that the typical Canadian's welfare has improved by 10-percent over the year.
analysis on the effect of world recession on uae economy1000 words overall word count for specific sections are in the
In order to financially stimulate the nation, the Federal government injected $900 billion dollars into the economy. However, the results were less than spectacular. One reason could have been a failure to understand the marginal propensity to co..
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