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What do you think is the most challenge issue we are facing today? What policies can help solve this challenge?
Governments often place so-called sin taxes on goods or services such as cigarettes, alcohol, and pornography. These kinds of taxes are popular with politicians because they are usually more palatable to voters than income taxes.
State in words and show with a graph the effect of the following events on equilibrium price and quantity of the market given The price of cheese increases. Market: Pizza A study is released showing that eating apples causes caner. Market: Apples Inc..
For each of the following events, graph and explain the short-run & long-run effects on output and the price level, assuming policymakers take no action.
q.bond a is a premium bond with a 12 percent coupon. bond b is a 4 percent coupon bond currently trading at a discount.
A perfectly competitive firm’s cost of producing q units of output is T C = 18 + 4q + q2. Its corresponding marginal cost is MC = 2q + 4. The firm faces a market price p = $24. Determine the profit-maximizing output for the firm and the corresponding..
The calculation of the important mathematical constant e and the square root (v) will be done as the sum of an infinite series:
What is the Bretton Woods system? Why was it created and why did it collapse? How has this collapse ushered in more volatile exchange rate and frequent financial crises?
The Harley-Davidson motorcycle company, which had a copyright on the word "hog, " applied for exclusive rights to its engine sound. Why would a company want copyrights on two such mundane things?
Assume that VCRs continue to be sold at $200 per unit while average income increases from $30 thousand to $50 thousand. Assume also that the price for DVD players remains steady at $500. Using the midpoint method, what is the income elasticity of dem..
There were 13,249 weddings in Springs City last year. According to state records, notaries public performed 17% of the weddings. How many weddings were not performed by notaries public?
The weight of anthropological, psychological, and historic evidence suggests that moral beliefs are relative to groups or individuals and there are no universal norms, let alone universally valid ones. Benedict argues that the term “morality” means “..
The price elasticity of demand for imported mineral water is estimated to be ?0.20 over a wide interval of prices. The federal government decides to raise the import tariff on foreign mineral water, causing its price to rise by 20 percent. What is th..
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