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Assume a country is required by law to balance the budget every year. Suppose aggregate demand falls, causing a recession and a budget deficit. To balance the budget, what would the government need to do with the level of government spending and taxes? How would these changes in government spending and taxes affect aggregate demand and the economy?
March 2016 corn futures are trading at $3.6175/bushel. The market is “paying” producers $0.0975/bushel to store corn to July 1, 2016 (trading at $3.715). How much should the carrying charge be if the monthly storage fee is $0.02/bushel and the averag..
What is the definition of Market Competition? List a product that you use that falls closer to the perfect competition model. What is the definition of a (Market) Monopoly? List a monopoly (not utilities or public services) product or service that yo..
Many states have usury laws, which place a ceiling on interest rates. Why do most economists dislike these laws - The paper's content is jumbled and is partially in second person and uses unusual wording together as if it was a machine translation..
The market for corn is initially in equilibrium. Suppose the production of? biofuels, which use corn as an? input, increases?, and at the same? time, increases in the price of oil cause farm production costs to rise. Which of the following explains t..
Which of the following statements is true regarding welfare reform in 1996?
Select at least five (5) economic concepts covered in the first four weeks' readings, and discuss the primary manner in which these concepts impact the world of health care economics. Some examples of selected concepts are health demand and supply..
Harold works for the Zanten Corporation. Ken is self-employed. Zanten pays all of Harold’s medical insurance premiums, whereas Ken purchases medical insurance from his insurance agent. Explain how the payments of Ken’s and Harold’s medical insurance ..
"As manager of a local hotel chain, you have hired an econometrician to estimate the demand for one of your hotels (H). The estimation has resulted in the following demand function"
The quantity demanded of the resource in each year is given by the equation Qt = 10 - Pt . The marginal cost of extraction is zero.
In the two countries, Techi and Aggi, the costs of all factors of production are constant, the factors are perfect substitutes for each other and thus equally productive (efficient). Currently, before trade, Techi’s residents prefer to produce and co..
Prepare a 1 page essay that summarizes how microeconomics affects Apple company. Need a introduction a good thesis and a summary one page long.
Utilities which operate nuclear power plants are required to place funds into a "Nuclear Decommissioning Fund" in order to be sure that adequate funds are available to decommission the plant at the end of its useful life. A certain utility requires $..
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