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Should the government build more shelters for the homeless? Where will it get the resources to do so? What are some of the opportunity costs?
No words limit............
Compare and contrast a public good versus a private good. What are the principal characteristics of each? What are the two key characteristics of public goods? Is there a free rider problem when it comes to public goods? Why? Do you consider your loc..
At the beginning of your answer be sure to explain what a price floor is, explain why the government might impose a floor, and who it is intended to benefit.
The traditional remedy for a nuisance is an injunction, and the non-traditional remedy is damages. Explain in a paragraph, circumstances in which the former is more efficient than the latter, and the circumstances in which the opposite is true.
A consumer must pay $10 per visit to an amusement park for the first five visits but only $5 per visit beyond five visits. What does the budget.
What is opportunity cost of producing one more bushel of wheat in US. Which country has a comparative advantage in winter hats.
On a single graph draw marginal cost curve, average total cost curve and average variable cost curve for a typical firm. Explain how area that represents profit or loss this firm will earn.
What combination of T and M will you choose? Suppose that the price of day trip rises to $80. How will this change your decision making?
Give an example of consistent Fiscal Policy and Monetary Policy that you would choose to correct unemployment gap (Recession) that you suspect in the economy?
Is it possible that both goods are normal? That both are inferior? That good 1 is normal? That good 1 is inferior? That one of these goods is inferior and the other normal?
What is the monthly interest rate? How much will Susan pay each month for 45 months? What effective interest rate is being charged?
If the government unexpectedly levies a five-cent tax on every gallon sold by gasoline retailers, illustrate what will happen to the representative firm's cost curves.
The data is listed per quarter, and real GDP data was calculated using 2005 as the base year. Fill in the columnns for the GDP deflator and for the percent increase in price level.
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