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In the 1950s what are the main goods and services the United States traded internationally and what trade barriers were in place during that decade? What are two pros and two cons of the trade barriers used?
The government must raise tax revenue to pay for schools, police, etc. To do this, it can either tax groceries or meals at fancy restaurants. Which should it tax? Explain your reason.
Mr. Jones becomes president. He declares everyone should be able to afford a white chocolate mocha. A law is enacted that the first white chocolate mocha anyone buys each week shall be priced at no more than $3. Graph what this law would look ..
Suppose that a $1 per litre tax is levied on the wine producers. Calculate the new equilibrium quantity and price of wine after tax. Use a wine market diagram to show this equilibrium point.
Define/explain the MRT and the MRS. Make sure to specify the similarities and contrasts including the major difference between the two ratios.
in order to perform a certain printing job john needs a printer and 100 units of printing paper.suppose that the value
Since food, in large measure, affects the real income of households, increasing prices will eventually push up wages and have an impact on the aggregate supply curve. Central banks were very worried about the prospects for inflation becoming gener..
A 45 year old man came to his physician complaining of pain an weakness in his right shoulder. Identify the wasted muscle and explain your diagnosis
what happens to a workers desired hours of work if employers pay an overtime premium equal to time and a halfthat is
Using these schedules, draw a demand curve and a supply curve using PowerPoint or Excel. Use these to decide the equilibrium price and equilibrium quantity for the product. Analyze five reasons why demand for this product could shift.
Why should taxpayers subsidize public colleges and universities?
What is the relationship between the average variable cost and marginal cost and relation between average product and average variable cost?
Calculate the (arc) price elasticity of demand for coffee and based on your answer, is the demand for coffee elastic or inelastic?
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