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Could you help me to explain the effect that Australia's mining boom of the 2000s had on Australia's balance of payments by using the small open economy model?
a) What would be the efficient provision of the public good in this community? b) Find the market allocation guided by competitive equilibrium prices and identify the inefficiency of the "invisible hand."
Which of the following is one of the differences between the Articles of Confederation and the new Constitution created during the Constitutional Convention in 1787?
Under what circumstances are economic profits a good indicator of market power? Explain why it is not possible to estimate the demand curve simply by fitting a line through annual observations on price and quantity.
Explain how does imposing rent controls affect the number of housing units available to low-income families
If the offer price is $48 per share and the company's underwriters charge a spread of 7 percent, how many shares need to be sold?
Show how each of the following would affect the U.S. balance of payments. For each case be explicit about which part of the Balance of Payments is affected (CA, KA, or FA) and by how much. For each transaction indicate in which of the 6 types (import..
P Company acquired 27,000 shares of the common stock of S Company on 1/1/15, for $710,000 cash. The stockholders’ equity section of S Company’s balance sheet on that date was as follows: What is the “REAL” journal entry to record the stock acquisitio..
When cities pass laws limiting the rent landlords can charge on apartments, the laws usually apply to existing buildings and exempt any buildings not yet built. Advocates of rent control argue that this exemption ensures that rent control does not di..
Since there is free mobility of resources, the perfect competitor can freely move in and our of a given perfectly competitive market. Economic profit involves explicit costs, while accounting profits involve implicit costs. The demand which a monopol..
Identify the type of anti-competitive behavior illustrated by each of the following: (also note the piece of legislation that declares this type of behavior as [potentially] illegal). Calculate the Herfindahl-Hirschman (HHI) index for the for the fol..
Illustrate what are the firms ATC per unit at these three levels of production. If every firm in this industry has the similar cost structure, is the industry in long-run competitive equilibrium.
Should the United States implement national agricultural policies and associated programs that require/promote/incentivize sustainable agricultural practices
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