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Which of the following stands true of corruption? a. Private investment is relatively higher in countries in which government expenditure is very high. b. Corrupt governments spend less on capital goods than governments that are less corrupt. c. Payment of money or gifts in order to receive a government service or benefit is a widespread practice only in less-developed countries. d. Corruption reduces growth most directly through government investment in projects with high productivity. e. The more competitive a country’s markets are, the fewer the opportunities for corruption.
An economist estimated that the cost function of a single-product firm is: C(Q) = 120 + 20Q + 25Q2 + 10Q3. Based on this information, determine the following: The fixed cost of producing 10 units of output. The variable cost of producing 10 units of ..
Cigarettes currently sell for $10 a pack. Suppose the government imposes both a $4 sales tax and a $7 excise subsidy on cigarettes. Use a graph to demonstrate that the new price must be somewhere between $3 and $6 a pack.
Every alternative has a value for bill as described in the subsequent. Illustrate what is bill's prospect cost for attending class
The production possibilities frontier shows the ________ combinations of two products that may be produced in a particular time period with available resources.
q. suppose that at the equilibrium price and quantity the marginal revenue is -15 and the price elasticity of demand
Some observes claim that laxity of the rules governing the creation, sale and purchase of some types of securities bear much of the guilt for the Great Recession of the early twenty-first century. Can you suggest some specific types of activity that ..
q. real wages and productivity-are workers paychecks keeping up? over the long run historically real wages produce
Dyna Rubber Inc. manufactures a high performance tire called the Sport 70. Fixed development costs for the current year are $600,000 per year. Marginal costs for manufacturing and distribution are $63 per tire. Calculate the output, price total reven..
What are the financial markets and what purposes do they serve? What are financial intermediaries? How do these intermediaries function in the economy? What is a federal government budget deficit? What is the national debt? How does a budget deficit ..
Why is monetary policy chosen over fiscal policy as the preferred tool for stabilization policy? What does the government gain from controlling monetary policy? Why would they choose to delegate responsibility for monetary policy to an independent ce..
If the federal government chooses to increase government expenditures explain the three methods of financing the expenditures in terms of: which is the most expansionary, what are the negative effects of each, and which is the most inflationary.
In a situation of a fixed exchange rate, explain why, in the monetary approach, an excess supply of money leads to a balance-of-payments deficit. Why is the deficit only temporary? How might advocates of the monetary approach explain a long-lasting d..
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