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Our constitution provides the citizens of the United States the absolute right of association and freedom of speech, do you think corporations should be considered people under the law and as such protected by the same rights as regular citizens? Explain
Below is a list of domestic output and national income figures for a given year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditure and income methods. The results..
Microsoft emerges to have a monopoly with over 90% of the personal Calculator operating market. Why then would it not be charging a monopoly cost.
Suppose demand for a good is QD = 50 - P and supply is QS = -10 + P. How much is the producer surplus? How much is consumer surplus?
Assume that each firm is free to set its production level, but each firm can communicate (via the business press) what they plan to do first. Using an economic model, show that it might be difficult to sustain a cooperative (high-profit) outcome. Wha..
How is culture of India reflected in idea of sacred cow. Illustrate what influence does this have on arts of India.
Discuss these three time horizons in terms of the price elasticity of supply. Sketch a figure showing supply curves for each of the time horizons.
Discuss how the two alternatives listed differ on the public-private continuum. Also describe how appropriate public policy might differ as the industry moves.
q1. in early2010 molly paid 200000 for a house built in 2000. she spent 30000 on new materials to remodel the house.
Other things remaining the same, if the price level rises, then domestic interest rates will:
When looking at inflation, you will find that this is measuring how much prices change. How does this influence the unemployment rate?
Net domestic product is usually preferred to GDP by economists because net national product:
Suppose banks keep no excess reserve and no individuals or firms hold on to cash. If someone suddenly discovers $12 million in buried treasure and deposits it in a bank, elucidate what will happen to the money supply if the required reserve is 10 ..
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