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Principles of Economics
Explain why GDP is an effective measure of living standards?
Discuss how quality-of-life measures may be determined and measured?
Can someone explain (in term of wealth taxation) the statement by Thomas Pikkety (2014: 571) wealth 'accumulated in the past grows
We have examined four market structures so far-- (perfect) competition, monopolistic competition, oligopoly and monopoly. Please pick one market structure and find a (few) representative firm and explain why this firm's behavior is consistent with th..
What is the "free rider" problem and how is it related to the distinctive properties of public goods? Why will unregulated markets supply less than the optimum amount of a public good?
Rent control is an ineffective way for local city governments to provide affordable housing to low-income residents.
The government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially before multiplier effects.
a) List all the countries that the U.S. currently has a free trade agreement with.
If, in the money market, the quantity of money demanded exceeds the money supply, we would expect the interest rate to:
The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. find the perfect competition price and quantity. calculate profit, social welfare(consumer and producer surpluses), and d..
Explain briefly whether each of the following would cause GDP to overstate or understate the degree of change in the broad standard of living:
A. what are rural areas among the poorest in the country?
The court stated that yes, the Sedmaks can obtain specific performance of the sales contract for the limited edition Corvette. When a sales contract is for a unique good, the UCC provides that a buyer may obtain specific performance because an award ..
If you cannot think of a real example make up a fictional account which would explain this fallacy.
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