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1. Explain why it would generally not be considered wise economic policy for a government to attempt to achieve a balanced budget every year.
2. Use the concept of externalities to explain why if left to private decisions, the usage of face masks to prevent the transmission of COVD-19 is likely to be inefficiently low.
The wheat industry faces the following demand and supply curves: Qd = 800 - 4P Qs = 100 + 3P 41. Determine the equilibrium price and quantity. Calculate the income of all farmers in the wheat industry at the equilibrium point. Calculate the income of..
A couple wants to save for their daughter’s college expense. The daughter will enter college 10 years from now and she will need $45,000, $46,000, $47,000 and $48,000 in actual dollars for 4 school years. Assume that these college payments will be ma..
Examples of computer topic/ concept Virtual reality Format of TED Talk Assignment (Extra Credit # 1):
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
Asparagus is an identified good, draw a graph of both the supply and demand curves that depsicts its market equilibrium. From the original graph, describe the effects on the supply and demand (shift left or right) that would cause the following chang..
Suppose an economy's real GDP is $50,000 in year 1 and $53,500 in year 2. What is the growth rate of its real GDP between year 1 and year 2? Assume that population is 100 in year 1 and 103 in year 2. What is the growth rate of real GDP per capita?
If you get this classmate as your partner on a series of projects throughout the year, rather than only once, Explain how might that change the outcome you predicted in part (b).
Differentiate the equilibria of model. Also the classification should be a function of the bliss point of the candidates.
What is the difference between the effective annual rate and the annual percentage rate, and when should you use which?
Please use VB coding language to decribe the process
Which of the following is explained by the price elasticity of demand for a product?
In your own words, describe the series of events that led to the “Great Recession” over the 2007-2009 period. Hint: In the vocabulary of Chapter 9, an asset price bubble in what sector of the economy started the the chain of events that ultimately ..
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