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Is it possible for economic activity to be driven by anything other than self interest? Support your position with course readings and outside examples.
A calculator company produces a scientific calculator and a graphing calculator. Because of limitations on production capacity, no more than 220 scientific and 180 graphing calculators can be made daily. To satisfy a shipping contract, a total of at ..
Greg's Hardware has determined the following demand and supply equations for nails
A perfectly competitive firm's marginal revenue :
Briefly explain 2 ways moral hazard is welfare improving if there is price-ceiling in a competitive market. No diagram necessary. The short-run marginal cost curve passes through the minimum point of the short-run average variable cost curve.
Suppose that velocity is constant at 9, but the nominal money supply increases from $1.5 to $1.8 trillion. What must happen to nominal output? Suppose further that real output is constant at 13.5 trillion “units”: what must happen to the price level?
Why did prior to 1945 nearly all neoclassical economists agreed that democracy and capitalism were natural enemies?
Graph the demand curve, and give some verbal interpretation. Compute the intercept and slope of the demand curve.
1. Explain the migration process using the theoretical framework of Todaro and Lewis! Explain the difference between the two theories!
What role do property rights play in creating common property resources? Why are common property resources subject to market failure due to non-excludability?
In the aftermath of hurricane Odile, parts of the Baja Peninsula have been isolated so that the transportation of gasoline to consumers has become very difficul
All modern industrial states in the world have a socialized medical system, except south africa and the united states. Why do you think that is? Should the united states adopt a socialized medical system? Why, or why not? Why is economic growth and d..
If you had control over macroeconomic policy, what policies would you deploy to curb the frequency and severity of financial crises?
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