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Type of production A B C D E
Automobiles 0 2 4 6 8
Forklifts 30 27 21 12 0
If the economy characterized by the production possibilities table were producing 3 automobiles and 20 forklifts, what could you conclude about its use of available resources ?
How does capital investment affect the marginal physical product of labor? Does more college education have the same kind of effect? Which is a better investment?
In recent years, consumption spending by households has accounted for about 70% of the total spending (aggregate demand) in the U.S. economy.
Assume that the reserve requirement is 5%. All other things equal, will the money supply expand more if the Federal Reserve busy $2,000 worth of bonds or if someone deposits in a bank $2,000 that he had been hiding in his cookie jar? If one creates m..
Elucidate what should the US Congress also the Federal Reserve do about it?
How does the free rider problem explain why telephone companies are usually successful in getting permission to raise their rates?
Reflecting back on what you learned about sustainable management practices throughout this quarter; determine 5 activities that illustrate sustainable management of resources that you pursue in your everyday life.
Illustrate what should it do in the short run. Restricting the issuance of Federal Reserve Notes because paper money is the largest portion of the money supply.
The standard of living for the poorest third of the world is falling behind the standard for the rest of the world and is not improving very quickly. What are some factors that might influence the economic status of such countries? What measures coul..
Explain her change in consumption in terms of income and substitution effects (give a precise quantitative answer). Is this a Griffin good (how do you know)?
Explain why the following statement is false: If a firm's output is increasing and marginal cost (change in total cost divided by change in quantity) is rising, then average total cost (TC/Q) must be rising also.
Describe the expected amount of dollars to be paid by the Wake Forest Co. for the pesos in one year.
Consider the situation of the concept of Green energy policy and conservation. What is the issue at hand and what are they hoping to do Explain. What are the anticipated benefits of using the electric cars and the new florescent light bulbs
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