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Which of the following is true of the trends of imports and exports (measured by percentage of entire economy) in the US? 1) Imports up, exports down 2) Imports & exports both going up 3) Imports & exports both going down 4) Imports up, exports down
who operates the industry as a monopoly and seeks to maximize profits from the sale of computers. Elucidate which of the following is a likely consequence of the monopolization of the industry.
Suppose that clean srings water c ompany has a monopoly on bottled water sales in california. suppose that the price of tap water increases. which is the change in the profit maximisation price and level of output for CSWC. explains in words and..
Explain what the tax multiplier is and why it is less than the expenditure multiplier. Explain, in your own words, how an increase in investment spending generates a multiplied effect on GDP.
Which of the following deals with asymmetry of information?
President Bill Clinton assigned his wife to task of developing a national health insurance plan to increase availability of medical care for poor. How would one determine opportunity cost of proposal.
Think about the demand for the three popular game consoles: XBox, PS3, and Wii. In each of the scenarios below, briefly describe the effect on (a) the demand for XBox games and (b) the quantity of XBox games demanded
Fifth Problem Earl sells lemonade in a competitive market on a busy street corner in Philadelphia. His production function is f(x1, x2) = x 1/3 1 x 1/3 2 , where output is measured in gallons, x1 is the number of pounds of lemons he uses, and x2 is t..
Some customers may have Costco membership cards. How do you think their elasticity of demand for renting cars (for a week) would compare to that of non-Costco members? Depending on your response, would it then be worthwhile to offer discounts on the ..
Suppose that, the economy initially at full-employment, the cantral bank increases the money supply. b. How are output and unemployment connected?
Suppose that a country that has a high level of output per person agrees to trade with a country that has a low level of output per person. Which country can benefit?
If there are n firms in the marketplace also every firm charges p. Illustrate what is total producer surplus.
xpect that this strong preference for Japanese products will continue for the next decade. Explain how should this influence your decision to work and save in Japan.
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