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In evaluating the accuracy of their statements, should one distinguish between (i) economist’s descriptive statements, propositions, and predictions about the world, and (ii) their statements about what policies should be adopted. Explain in detail
What are some contemporary technology issues? How do we learn to accept the social responsibilities of educated citizens in a global technological society?
Name three industries which best fit each of the three non perfectly competitive models (Monoplolistc Competition, Oligopoly, and Monopoly, and give support for your choices.
Compute the industry o/p also marketplace share at the present price of $2,200, assuming the prices are stable also un such as to change.
Suppose both product and factor markets are competitive, why is the labour demand curve downward sloping? How does technological progress shift the labour demand curve? Professors, lawyers and doctors receive similar amounts of education, why are pro..
The radio manufacturing industry has been in decline for quite some time. Suppose the government is called on to save this industry with infusions of cash, low interest loans, or other special breaks. This might be touted as helping firms remain open..
Volusia County has two alternatives for traffic light in an excluded area. Alternative A is to install an electrical powered traffic light, while alternative B is to install solar powered traffic light. The initial cost, the annual operation costs ar..
The increase in demand for iPad tablet computers can be explained by: An increase in the real income of a consumer is one result from an increase in the price of a product that the consumer is buying.
Assume that over the last twenty-five years a country's nominal GDP grew to three times its former size.
Alternative I require an initial investment of $20,000 and will yield a rate of 15% per year. Alternative C which requires a $30,000 investment will yield 20% per year. Which of the following statements is true about the rate of return on the $10,000..
A central bank that prefers to use monetary policy to target interest rates consistent with domestic goals--low inflation, low unemployment, and high growth--will most likely pursue:
Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or shareholders) worse off. Do you agree or disagree.
If the economy is facing rising levels of inflation, what would the Fed do with its three monetary control tools? Why does the Fed buy government securities during a recession?
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