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What is the basic principle behind supply- side economics? After supply-side policies were implemented in 1981, the economy pulled out of the 1980 recession and entered an expansionary period. How would a supply-side economist explain the success of these policies? How do critics of supply-side policies explain the recovery from the recession?
Compare the supply and demand conditions in both locations. How many people live in each place.
Discuss the development of industry, transportation, and urban areas in the 19th century. What factor did technology play in this process? How did these developments serve to divide the North and South even further apart? In what ways did these devel..
Compute the balance in your retirement account when you will be 25, 30, 40, 50, and 65 years old assuming the average annual rate of return is 6%. Assume there are no deposits or withdrawals in this account, so the original balance just accumulates. ..
Lets denote the price of a nonmaturing bond (called a consol) as Pb. The equation that indicates this price is Pb = l/r, where l is the annual income the bond generates.and r is the nominal market interest rate. What happens to the bond’s price if th..
Compare the change in the quantity of raw steel exchanged at the market level with the change in raw steel produced by a representative firm. How do you explain this difference?
Illustrate can the oligopoly market structure make profit for both consumers and businesses by forging common standards in industries that experience rapid technological change.
If the short-term own price elasticity for transportation is estirmated to be -0.6, then long-term own price elasticity is exprected to be
A chemical recovery system costs $30,000 and saves $5,280 each year of its seven=year life. The salvage value is estimated at $7,500. The after-tax MARR is 9%, the CCA rate is 20% and taxes are at 45%. What is the net after-tax annual benefit or cost..
Suppose that the chain-weighted index for GDP in Gambia was 275 in 2009 and 350 in 2010. The inflation rate between those two years was
You work for a marketing agency advising a client considering whether to drop prices during an economic downturn. The client, a manufacturer of children's outdoor swing sets, believes that reducing prices would lead to more sales. identify and evalua..
How do these experiments explain why England wanted to tax trade in the American colonies; which led to rebellion and the formation of the United States
A perfectly competitive constant-cost industry has a large number of potential entrants. Assume that each firm minimizes its LRAC at an output of 20 units and at an average cost of $10/unit. Market demand is given by QD = 1500 – 50P. How many firms p..
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