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What future problems would result from scarce resources
A diminishing marginal rate of substitution implies that indifference curves are
The French Wars of Religion (1562-1598) were entirely a French affair, without ties to conflicts elsewhere. ended on Saint Bartholomew's Day with a Huguenot massacre. ended when the Huguenots won decisively on the battlefield. ended with an edict of ..
A pair of lumberjacks can use a two-person saw to cut down 25 trees in a day. A single lumberjack using a two-person saw is unable to cut down any trees. Use the appropiate drawing tool to draw the isoquants for Q=50 trees per day and Q=100 trees per..
If debt accumulates too fast and investors start to worry about [higher risk of default/ higher government revenues/ reduced risk of default], we can suppose that the [price of the government’s bonds/ the effective real interest rate paid to bondhold..
Describe the short-run impact that economic fluctuations and growth (or lack thereof) have had on aggregate supply, aggregate demand, output, unemployment, and inflation.
Holding other things constant, an appreciation of a nation’s currency causes. Holding other things constant, an increase in a nation’s interest rate reduces.
There are two stocks in an economy. If they buy a share of stock A, they have a 60% chance of getting $50 next year and a 40% chance of getting $30. Stock B has a 10% chance of getting $200 and a 90% chance of getting $31. If the consumer must buy 2 ..
Do you think that economic incentives and disincentives influence family size keeping
1. In his book, Rewarding Work: How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197)
Calculate the predicted percentage change in equilibrium price and the predicted percentage change in equilibrium quantity. Explain.
What is the economic rationale for the countries of Europe to enter into a customs union, later to be strengthened by the Single Market Act and the Maastricht Treaty?
Suppose that the salary for a recent industrial engineering graduate is expected to increase by 12% per year from a base of $52,000 over the next five years. If the interest rate is taken to be 10% during the period, the present worth of the earnings..
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