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How supply affects goods and services supplied by business in the product market. How demand effect goods and services in the consumer market. How supply effect factors of production in the factors market and how demand affects factors of production in the factors market. How does the circular flow of wealth fit together as a whole process? Each assignment must be at least 150 words.
Using the PPF analysis, explain what this means, the consequences of this behavior with regards to economic growth, and what the government could do to rectify the problem.
How does this export subsidy affect the domestic price of steel, the quantity of steel produced, the quantity of stell consumed, and the quantity of steel exported. how does it affect consumer surplus, producer suprlus.
Governments often need to raise revenues to fund public projects like schools, road maintenance, parks, etc. One way governments raise revenue is to place taxes on the sale of certain goods. Suppose a government is debating whether to raise taxes on ..
The marginal cost of servicing a skier of either type is $10. If Snow City Ski Resort (third-degree) price discriminates then the profit maximizing prices
Elucidate how they will help to improve the GDP as a tool for measuring the well-being of a nation.
Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax ..
q.suppose we have the following three projects up for vote a naval ship a hospital and a park. there are three
What is the difference in profit maximization between the perfect competitor and all other types of firms? Economic profit is the difference between a firm's total revenue and its
q1. alpha airlines the only carrier currently offering flights to and from town a heard that beta airlines was thinking
Suppose that you are evaluating the market for Kellogg's cereal. The prices of Post and General Mills cereals increase. What will happen to Kellogg's cereals?
Suppose the Fed reduces the money supply by 5 percent. (a) What happens to the aggregate demand curve? (b) What happens to the level of output and the price level in the short run and in the long run?
Are cyclical fluctuations necessary for economic growth?
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