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Q. federal Highway Trust Fund, which funds road construction with gas taxes, faces a $3.1 billion shortfall in fiscal year 2009 because drivers are buying less gas. Peters plans to unveil a plan in Atlanta today that will ‘refocus, reform and renew' government's approach to transportation funding. Motor vehicle deaths plummeted 22% in March and 18% in April, while gas sales decreased about 3% and 1% and estimated miles driven fell roughly 4% and 2% for each of those months. What kind of goods are gasoline and road deaths? How might this impact how we evaluate increases in gasoline prices?
which of following is a characteristic of a binomial experiment. A. at least 2 outcomes are possible b. probability changes from trial to trial c. trials are independent d. None of these alternatives is correct.
Elucidate, using diagrams where appropriate, explain how the averege costs of a firm may vary short period and long period.
Assume that a consumer can buy only two goods, A and B, and has an income of $100. The price of A is $10 and the price of B is $20. Illustrate what is the slope of the budget line if A is measured horizontally and B is measured vertically.
Now suppose the economists allow for crowding out. Illustrate what would their new estimate of the MPC be larger or smaller than their initial one.
In the market economy that relies on the law of supply and demand, determine which of the following does not fit with the other:
What is the impact of a tax cut in an economy operating under a flexible exchange rate regime on household spending, interest rates.
firm competing in a monopolistic competitive market. What conditions exist when economic profits are maximized.
Illustrate what does such a combination mean to this economy. Explain in detail being sure to discuss such a combination relative to resource utilization and efficiency.
Illustrate what recieves goverment subsides that are in place to protect the population rather than for economic reasons.
Explain how would Margaret's indifference map look like. What is the Marginal Rate of Substitution (MRSA,B) between good A and B.
Elucidate unemployment in relation to the Phillip's curve with an appropriate sketch.
the congressional research service estimates that at least $45 million of counterfeit u.s. $100 notes produced by the north Korean government are in circulation. Explain why do U.S. taxpayers lose because of north Korea's counterfeiting.
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