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What assumptions do we make in the long run regarding the velocity of circulation and the relationship between real GDP and potential GDP? (MV=PY)
One approach that government can use limit the right to pollute would be by issuing pollution permits. Without a pollution permit, compan's aren't allowed to emit pollutants into air,
How does Supply and Demand play a role in economic thinking? What factors influence economics that don't directly relate to it? How does public choice economics influence the market?
How did slavery impact the economy in the South and the North differently
Illustrate what role did the policies of various governments play in the influencing the international expansion strategies of both McDonald's and Wal-Mart.
q.a country that does not currently tax cigarettes is considering the introduction of a 0.40 per pack tax. the
illustrate what prevented the villagers from reaching this higher-income allocation of resurces when they acted independently
Country Z is a developing country that is facing problems of deforestation.
Diminishing marginal returns begins with which employee? Suppose a pot sells for $20 each. What is the marginal revenue product of labor of the second worker? If wages are $50 per day and pots sell for $20 each, how many potters will the firm hire?
Call P the unit price of each stamp and find out how many stamps and how many photocopies the firms purchase depending on the value of P.
A business's strategic choices are limited by economic conditions. Using the Kudler Fine Foods Virtual Organization, perform an environmental analysis based on
During Great Depression, businesspeople in United States were very pessimistic about future of economic growth and reluctant to increase investment spending even when interest rates fell. How did this limit potential for monetary policy to help al..
What is the effect of an increase in the investment rate on the level of steady-state output per worker in the Solow model? What is the effect of an increase in the investment rate on the growth rate of output per worker in the model? Illustrate and ..
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