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The federal government provides a number of subsidies to the oil and gas industries. In defence of the subsidies, a spokesman for the industry observed “some alleged subsidies don’t even go to the industry.” U s e a supply and demand model to analyze the incidence of a subsidy to low - income consumers of oil and gas, and use your analysis to evaluate t he claim that the subsidies to low-income consumers do not benefit suppliers.
[Note: To construct the model, note that a subsidy is just a negative tax. Buyers in this model are low - income consumers. ]
Illustrate what conclusions can you draw about this period by comparing this cycle to previous business cycles.
A labor economist wants to know the relationship between education (measured by years of schooling) and annual earnings (measured in $1000). A random sample of 222 workers revealed a correction coefficient of 0.88. Based on the coefficient, Among the..
Discuss a real world example that could, or has already, caused a shift in either the AD (aggregate demand) or SRAS (short run aggregate supply) curves for the US economy, or some other country.
By how much will the quantity of Federal funds have to change for the equilibrium to occur at the new target rate?
The Employment and Training Administration reported that the U.S. mean unemployment insurance benefit was $238 per week. A researcher in the state of Virginia anticipated that sample data would show evidence that the mean weekly unemployment insuranc..
What is a subgame-perfect Nash equilibrium proposal of player 1, and what is the resulting outcome of the game?
q.this is a drag-and-drop question. click on the curves below and drag them to a new location on the graph that will
You had chosen to take a trip during spring break if you had not gone you would either work a temporary job or studied for exams the opportunity cost of your trip.
what is the expected economic life for this water pump and what is the minimum annual equivalent cost.
Prove that every weighted average of three numbers x1
Why do Senior citizens pay less than everyone else for admission to a movie, but pay the same as everyone else for movie-popcorn?
Draw the MC cure for Guns in terms of the production of butter. If the economy produces 3000 guns per day, how much butter can it produce per day.
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