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Suppose the government runs a budget surplus of $20 billion. a) with the aid of a diagram, analyse this policy. b) what groups in society would benefit from this change? what groups might be hurt?
vetpharm has historically produced and sold drugs for animals however one of its products developed for animal use has
Protectionist trade policies are often enacted with the political intention of strengthening exports, and hence GDP. Examples of protectionist trade policies include quotas and import taxes. What is the impact on overall GDP?
1. which of the following statements is correct?a. real gdp is the total market value of the final goods and services
The Zinger Company manufactures and sells a line of sewing machines. Demand per period (Q) for a particular model is given by the following relationship: Q = 400 - .5P
a. demand curves for public goods adam and eve live on two sides of the garden of eden a small suburban development.
Suppose that the demand for plastic surgery is price inelastic. Are the following statements true or false? Describe your answer for full credit. When the price of plastic surgery increases, the number of operations decreases
The following traits are associated with charismatic leadership:
What is shirking? If the managers of a firm are attempting to maximize its profits, will they have an incentive to limit shirking? How might they go about doing so?
The maintenance cost for both models is $100 per hour. The variable operating cost is $346 per hour for Model A and $290 per hour for Model B. Due to obsolete parts, there is a sunk cost of $2700 for model A and $1900 for Model B.
a doctoral student has just completed a study for her dissertation and found the following demand and supply
Which one, shirts or sweaters, has a demand elasticity that will allow you to increase the price, sell fewer units BUT still increase your revenues?
assume that you have been appointed as the speaker of the house. you must deliver a speech about the current state of
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