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1. If the position of the demand curve for digital rock music albums has remained unchanged, what can account for a continuing rise in the market clearking price?
2. If the answer explains why album prices have been rising, what can you predict is likely to happen to revenue from albums in the near future?
If profit regulation is used to control a natural monopolist, the monopolist is likely to
q1. explain the essential distinctions among the stages-of-growth theory of development the structural change models of
An economy starts off with a per capita GDP of $5000. How large will the per capita GDP be if it grows at an annual rate of 2% for 20 years? 2% for 40 years? 4% for 40 years? 6% for 40 years?
What are the implications of low US savings rates for economic growth? Do low US savings rates mean we are running out of capital per worker? (Explain why or why not). Is it possible for a country to have too high a savings rate?
Why is the policy necessary? The welfare of consumers, producers, and society (the winners and losers) before and after the policy.
Illustrate what is factor-proportions theory, also how is this theory useful in determining production advantages
Could a service industry utilize production line approach or self-serve design also still keeps a high customer focus
A worker making 20$ per hour decides to take unpaid leave from work to attend a graduation ceremony. Assuming the worker works an 8 hour day has a total tax rate of 70% and receives a 5% contribution from his employer to his 401k, what is the worker'..
Elucidate the likely impact of this event on the market for gasoline and the market for small cars.
An efficiency wage ____ equate the quantity demanded and quantity supplied of labor and therefore _____ be consistent with the classical economics explanation of labor markets.
Which one of the following statements is FALSE about a market characterized by the market structure we call duopoly (that is an oligopoly with only 2 firms) under Cournot competition?
A student has not yet graduated from school but is looking for a job. Is the student considered to be in the labor force? Why or why not? In what ways is GDP a misleading measure of economic performance? Is real GDP per person a sufficient measure of..
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