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What is economics? Why is economics considered a social science? What role does economics play in your personal and professional lives?
Illustrate what is the GDP of George's also John's island in terms of clamshells.
Explain the argument that lower corporate tax rates can increase tax income in Kenya. Reflect on the Laffer curve in your explanation.
Suppose the Japanese yen price of one British pound is 163.78 yen for each pound. In which city hotel room is cheaper and by how much.
Elucidate why is private property, and the protection of property rights, so critical to the success of the market system.
If the nominal social discount rate is 7% and the rate of inflation is currently stable at 2 percent, should the city build either facility.
At the end of the one-year contract, what will his "friend" offer John as the price for an extension of the deal?
Choose at least two (2) risk implementation considerations you need to decide (in advance) within a project. Provide a rationale for your response.
Walras Equilibrium with two consumers and two commodities, given endowments and preferences for both consumers.
Suppose he is offered fair insurance with a $3000 deductible. What premium will he pay and what will be his expected utility with insurance.
If firm A produces 100 record albums and 100 video cassettes, how might firm A be made better off by shifting its output mix. Explain your reasonings clearly.
Write down the consumer budget constraints when young also when old the consumer lifetime budget constraint the government budget constraint also the market clearing conditions.
a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
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