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How could free trade between the United States and Canada lead to more jobs in the United States?
Rising population growth mixed with low human capital investment explains why many countries are less developed. How would you go about resolving these issues if you were the representative of the United Nations advising an LCD country?
A basic feature of the Keynesian view was that. Government purchases rise by $50 billion. According to Keynesian economists: The Keynesian theory predicts that an increase in the supply of savings will.
The quantity theory of money states that the money supply (M), velocity of money (V), price level (P), and real GDP (Y) are related by the equation . According to this equation, if velocity and real GDP are constant and the Federal Reserve decreases ..
The city of Metropolita added a new subway station in a neighborhood between two existing stations. After the station was built, the average house price increased by $10,000 and the average commute time fell by 15 minutes per day. Assume an interest ..
Explain the difference between an increase in demand and an increase in quantity demanded. Draw separate graphs of each to help support your answer. (Be sure you have addressed why each of these changes have occurred)
The Cole family owns a house with an alarm system that they activate whenever they leave the house. Recently, the Cole family purchased homeowner's insurance that fully covers all losses. After purchasing the insurance, family members haven't been us..
International Business Machines (IBM) was once sued by the government for using monopoly power in the computer market. What was the final outcome? (Research).
Illustrate what does this theory predict about the term structure of interest rates in terms of how the yield of long term bonds are related to yields on a sequence of 1 year bonds.
Suppose the market for eggs is in equilibrium at a price of $2 per dozen eggs. If the government decides to enact a new price floor at $1.50 per dozen eggs, what outcome does economic theory predict will occur?
If the demand for a good is elastic with respect to its price, then a: change in price will cause revenues (or consumer expenditures) to change in the same direction. change in price will cause revenues (or consumer expenditures) to change in the opp..
Suppose the quantity demanded for a security is BD = 150 - 0.1b, and the quantity supplied of the security is BS = 50 + 0.1b, where b is the price of the security in dollars. Suppose that the supply curve shifts to BS = 75 + 0.1b. The equilibrium qua..
Specify and explain the typical shapes of marginal-benefit and marginal-cost curves. How are these curves used to determine the optimal allocation of resources to a particular product? If current output is such that marginal cost exceeds marginal ben..
Consider a simultaneous-move auction in which 2 players simultaneously select bids, which must be in nonnegative integer multiples of one cent.
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