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Suppose there are 3 people who can consume apples and oranges. There is a total endowment of 20 apples and 10 oranges. Individuals A and B get no oranges nor apples and C gets all of them. Is this allocation necessarily Pareto Efficient? Why or why not? (you have to understand Pareto efficiency)
Did you know that many large countries utilize a national sales tax, or value added tax, to raise revenues? What if, -in an effort to FIX THE ECONOMY, the U.S. decided to do this? What other countries are doing this and to what degree of success?
Use at least three sources, two of which must be scholarly sources (peer reviewed studies or journal articles) from the West library.Format your paper according to the West Writing Style Guidelines, the West Citation and Reference Generator tool f..
Define national income as total income of all capitalists in a country plus total income of all workers (including immigrant workers) in the same country. Per capita income is defined as national income as defined above divided by all people in the c..
The owner of a good has the right to decide how that good is used and to restrict others from using that good. This idea is known as:
John Cardinals has decided to purchase a house in Moncks Corner, SC. The price of the house is $ 80000 after a down payment of $ 20000. The Bank of America will finance the purchase for 25 years at 9%. Advise about which choice he should take and the..
Define the five types of possible “net” or “overall” effects of the country’s growth on the importance of the trade sector and indicate which types would, other things equal, lead to a deterioration of the growing country’s terms of trade (assuming t..
operating deficit is asking should the transportation authority increase or decrease the price per ride based upon the price elasticity of demand.
Evaluate the influences of intellectual predictors of the following economic theorists: Adam Smith, David Ricardo, also Karl Marx.
If firms enter a purely competitive industry, then in the long run this change will shift the industry: Demand curve to the left, and the individual firm's demand curve will shift down. Demand curve to the right, and the individual firm's demand curv..
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Would the consumer prefer to get $100 in food stamps or $100 in cash? You need to justify your answer t..
How would your answer to Part A change if economic growth is average and Petal Providers' net profit margin is 7 percent?
The interest rates on corporate bonds and government bonds of the same maturity tend, usually, to move together-increasing at the same time and decreasing at the same time. what could explain that fact?
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