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What factors shift the labor supply curve to the right?
Using the tools of analysis developed in this course, demonstrate that removing the subsidy will make consumers worse off but will nevertheless improve society economic welfare.
Which of the following goods or services would be most likely to be subject to (1) external economies of scale and (2) dynamic increasing returns? Describe your answers.
Why do long-run elasticities of demand differ from short-run elasticities. Consider two goods: paper towels and televisions. Which is a durable good.
A government is recently operating with an annual budget deficit of $40 billion. The government has determined that;
Draw the PPF. If new technology in computer production is invented and adopted, what will happen to the PPF. Find the opportunity cost of first 4 units of computer.
if you are the chief economist of a country experiencing high unemployment and flat gdp what macroeconomic policies
P stands for price Pr stands for price of related good also N stands for per capita disposable income.
Manchester Foundry produced 45,000 tons of steel in March at a expenses of $1,150,000. In April, foundry produced 35,000 tons at a cost of $950,000.
For the 2nd quarter of 2011, identify the estimate for the current dollar value of Gross Domestic Product for the USA and explain in words what this number measures.
Using the historical tables from the Budget of the US government, utilize the website to determine where the US government allocates its expenditures.
Show the change in the balance sheet of the commercial bank receiving this money after it has been transferred to the Federal Reserve, but before it has had time to expand loans at all.
Congress is considering a tax credit program for those who purchase energy-efficient appliances. Proponents of the program have said that $400 million will be given directly to taxpayers and argue that this will have an economic effect that is gre..
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