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1. ?In which of the following situations is a budget surplus most likely to occur?
?When fiscal policy is contractionary and the economy is expanding
?When fiscal policy is expansionary and the economy is contracting
?When fiscal policy is expansionary
?When the economy is contracting
2. ?The government of Crossland wants to influence its exchange rate. It will do so by buying and selling:
?Commodities
?Transfers
?Goods and services from the current account
?Currencies in its official reserves
q1. portland and aleland are two identical countries. beer manufacturers in each country compete under monopolistic
A service station owner in Staten Island, NY, was worried that raising the price of gasoline would cause the quantity demanded to fall by so much that he would be in a worse situation than if he did not raise the price.
The White Company is a member of the lamp industry, which is perfectly competitive. The price of a lamp is $50. The firm’s total cost function is TC = 1,000 + 20Q + 5Q2 where TC is total cost (in dollars) and Q is hourly output. What is the firm’s ec..
Elucidate how might firms "avoid" experiencing diseconomies of scale also illustrate what does the long-run average cost curve look like when diseconomies of scale exist?
"The principle of the invisible hand asserts that self-interest behavior on the part of resource-owners leads inevitably to chaos" true or false, why?
With economic development comes each of the following, except;
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The main reason firms may exit a market is because of:
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Different products have different elasticities. Heart medication, for example, is inelastic, and corn is elastic. Find a product that has not already been selected by another student and describe its price elasticity and income elasticity.
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. Which of the following would ..
When considering the decision whether to buy a new press machine for your publishing house, which of the following costs will you NOT consider?
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