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In a market economy, why is the rationing of goods a fact of economic life, and what form of rationing is the most prominent?
assume you are the manager of abba cable company which provides commercial communication services to the town of canyon
What is the difference between ordinal utility and cardinal utility? Explain why the assumption of car- dinal utility is not needed in order to rank consumer choices.
Suppose that Congress is considering an investment tax credit, which subsidizes domestic investment. (a) How does this policy affect national saving, domestic investment, net capital outflow, the interest rate, the exchange rate, and the trade bal..
1) Using the Generalized Dividend Pricing Model, solve for the present value of a stock that pays $4 in dividends per year
trade in genetically modified crops. suppose the residents of a country become fearful of using genetically modified
Compare and contrast the use of various economic models to explain the role of economics in healthcare and how the concept of the market equilibrium works in healthcare.
The price of good 1 (nuts) is $2 and the price of good 2 (berries) is $1. How many units of nuts will Anthony demand?
a) By using the provided Lagrangian, state the individual's budget constraint and offer an intuitive explanation of this constraint.
The ABC Corporation has an investment opportunity that costs exist50,000 and 4 years later pays a lump-sum amount of exist63,000.
Provide two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium. What evidence of excess supply or excess demand can you cite in these examples?
o Determine whether the change is an increase or a decrease. o Show the change in demand and/or supply on the graph of the initial equilibrium. (You will have one graph for each event.) Identify the result on the equilibrium price and quantity of den..
Wage indexation is a good mechanism to fight inflation induced by either demand or supply shocks. With high responsiveness of investment to interest rate and low sensitivity of speculative money demand to interest rate, the monetary policy is more ef..
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