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After September 11, 2001, there was much talk that the United States was going to go into a depression. There was, in fact, a downturn in the economy that was considered by many to be a recession. A depression did not occur.
Why is another depression like the Great Depression of the 1930s not likely to occur?
What laws, or groups in our economy, are responsible for keeping us out of a depression?
Which of the following will increase (shift) the demand curve for white flour, an "inferior" good?
If elasticities for a bottle of water are -0.8 and -1.2 in two different locations and marginal cost is the same, which location is likely to charge higher price for the bottle of water?
Why is economics a science of choices? Explain the kinds of choices confronting workers and employers in labor markets. Distinguish between microeconomics and macroeconomics.
What are the advantages and disadvantages of regression models in comparison to using a computerized regression routine.
Given your research and findings, are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position.
Smith likes cashews better than almonds and likes almond better than walnuts. He likes pecans equally as macadamia nuts and prefers macadamia nuts to almonds. Assuming his preferences are transitive, which does he prefer:
What is the most conventional stance regarding the use of absolute value in the definition of Own-price elasticity-Cross-price elasticity
Suppose the following market schedule defines the weekly market supply and demand for corn (in thousands of bushels): Price ($) 1 2 3 4 5 Quantity? 3 6 9 12 15 Quantity? 15 12 9 6 3 (a) Plot the market demand and supply (b) What is the equilibrium pr..
Illustrate what is the yrly breakeven point volume (D) also his objective is to maximize his average grade, elucidate which means.
Which of the following demonstrates the law of supply?
Illustrate fiscal policy action might increase investment and speed economic growth.
Consider the market for carbonated water and suppose that demand is given by D(p) = 100 – 5p There are only two firms producing carbonated water, each with the same constant unit cost c = 2. What are the equilibrium prices and quantities if the firms..
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