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What was the purpose of writing the Articles of Confederation? In other words, what was going on at the time when colonists decided they needed a written set of laws? How was the Constitution a solution for the missing links not mentioned in the Articles of Confederation?
The US government decides to reduce the government budget deficit by increasing taxes and keeping government expenditures at the existing level. What are the effects of increasing taxes in the short and medium run for the US economy? Is it possible t..
can you suggest better methods of making the adjustments for the stated purpose. llustrate what general guide can you suggest as to elucidate how much price should be increased
Suppose that the market demand for medical care is summarized by the following function: P=400-2Q And the market supply is summarized by the following function: P=50+3Q. Calculate the equilibrium price, assuming no health insurance is available. Calc..
Suppose you own a bookstore where you currently sell 25 John Grisham mystery novels per day at a price of $38 per day. However, if you were to reduce the price to $27, then you would d sell 31 John Grisham mystery novels per day. Using the midpoint f..
Illustrate on your graph and in words all important points and areas on the business cycle.
A monopolist faces the following demand curve: P = 120 - .02Q . The firms cost function is given by C = 60Q + 25; 000: Assume that the firm maximizes prots. What is the level of production, price, and total profit per week? What will be the level of ..
Elena Martinez is thinking about investing in some residential income producing property that she can purchase for $200,000. Elena can either pay cash for the full amount of the property or put up $50,000 of her own money and borrow the remaining $15..
Why do economists use economic models when making predictions or assumptions about the economy? Which economic model do you believe is the most beneficial to YOU at the present time? Why? *Economic Models: circular flow diagram, production possibilit..
ohn also Jeremy are utilitarian's. John believes to labor supply is highly elastic while Jeremy believes to labor supply is quite inelastic.
Relative to Tom, does Dick require more bananas, less bananas, or the same number of bananas to give away an apple.
Is it necessary to register a trademark? What are the benefits to registering a trademark? What distinguishes a trademark from another symbol or group of words?
What is a market failure? It refers to a breakdown in a market economy because of widespread corruption in government.
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