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Discuss the progress we are making in South Africa in terms of development over the past two decades by referring to number of physicians per 1000 population.
Discuss tax systems and political philosophies associated with income inequalities. List and describe the relationship between the two tax principles and three tax systems discussed in this course. Include comments regarding the effects of tax on soc..
what will happen to the price level and output? Using the AS/AD model, demonstrate your predictions graphically. what policy might you suggest to the government?
Cost-push inflation is a rise in the general price level due to higher input prices. Cost-push inflation is a rise in the general price level due to the economy operating past or above potential output/income.
Consider the market for two goods that are complements, ink and printer. If a technological breakthrough reduced the cost of producing printer: Show all work! Graphs, in your addition to your explanation is useful
The Harley-Davidson motorcycle company, which had a copyright on the word "hog, " applied for exclusive rights to its engine sound. Why would a company want copyrights on two such mundane things?
A demand function is given: Q=210-3p. P=35. Find 3 things: The quantity that consumers will purchase at this price, The total revenue, and last, at this price and quantity, find the price elasticity of demand. Use point slope method to find this elas..
Home has 1200 units of labor available. It can produce two goods: indigo and tobacco. The unit labor requirement of indigo is 3, while in tobacco production the unit labor requirement is 2. What is Home's opportunity cost of producing indigo?
A manufacturer estimates that its variable cost for manufacturing a given product is given by the following expression: C(q) = 25q2 + 2000q [$] where C is the total cost and q is the quantity produced. Derive an expression for the marginal cost of pr..
Which of the following best describes the concept of scarcity? Which of the following best describes the opportunity cost of one year of college? Which of the following can be a valid goal for a typical firm?
Managed care has been the target of various kinds of state and federal regulation. Describe some of the main reasons for managed care regulation. Describe some of the basic types of managed care regulation.
Both are planning on putting some of their earnings into IRA accounts. Who should be more likely to use a Roth IRA instead of a traditional IRA? Explain.
Economists often assume that insurers set premiums (nearly) equal to the AFP for that plan. Is that an accurate assumption? Is a higher “load” on insurance premiums necessarily a bad thing for consumers? When might a higher load be a sign of problems..
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