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The quantity of goods and services:
1. Available to society cannot change.
2. Available is not of economic importance.
3. Available depends on human action while contending with scarcity.
4. Can always grow in order to always meet or satisfy every individual's wants and desires.
your company manufactures a high-efficiency natural gas furnace. the current price is 2000 per unit. the price
Who has a comparitive advantage in jigsaw puzzles? If Tom and Tessa specialize in producing the good in which they enjoy a comparative advantage, what are the quantities of jigsaw puzzles and kites produced?
Find the sample mean and variance of the Credit Score variable and find the sample covariance and sample correlation coefficient of Wait Times and Credit Scores.
describe the graphical relationship between ticket prices and the number of people choosing to visit amusement parks.
How might debt/equity swaps help solve the international debt problem? Point out the benefits and drawbacks from the viewpoint of the debtor country. Why do you think the debt/equity swap market has remained small over the years?
What is the basic determinant of (a) the strength of the transactions demand for money (the location of the transactions demand for money curve) and (B) the amount of money demanded for assets, given a particular asset demand for money curve
What is the relationship between the average variable cost and marginal cost and relation between average product and average variable cost?
what is an externality? provide examples. how does an externality affect the market outcome? is it possible for a
Country A and country B both have the production function: Y=f(K,L)=K^(1/2)L^(1/2)
John Adams wrote in 1814, "Democracy never lasts long. It soon wastes, exhausts and murders itself. There never was a democracy yet that did not commit suicide."
Catfish farming in Louisiana is a perfect competition market. Hence, customers of catfish are getting their catfish at the minimum cost per unit of manufacturing catfish, and they are very happy.
before economic reforms were implemented in the countries of eastern europe regulation held the price of bread
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