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Assignment:
1) Why do you think that whenever the government wants to increase their revenue they usually decide to increase the tax on items such as gas, tobacco products and/or alcohol?
2) Why is it unlikely that a firm would sell at a price where its demand curve happens to be price inelastic?
Why did some of the formerly Communist countries of Eastern Europe have inflation rates over 100%, while others didn't? Which factor was more important in explaining the differing inflation rates, real money demand or nominal money supply? Why did th..
Is the fundamental problem of economics, "the problem of scarcity," a naturally occurring condition for people, or is it a problem that is "created" by society?
A newscaster interviewed a senator about a proposed fence along the Mexican border. He said not to build it because some illegal entrants would still manage.
Brazil produces ethanol from sugar, and the land used to grow sugar can be used to grow food crops. The table sets out Brazil's production possibilities.
jason has been making equal annual payments of 7500 to repay a college loan. he has just made an annual payment and now
During this time the Mexican peso strengthens against the euro. What is the net profitability effect on the Mexican firm? What international market concept is demonstrated in this example?
Does the formula for falling bodies give accurate or inaccurate results when a feather is dropped? How about when a ball is dropped? What about when a ball is dropped from an airplane?
Yonnie would be willing to pay up to $27, and Edette would pay no more than $23, what is the consumer surplus for this group of economics enthusiasts?
How much is the per-unit tax on cigarettes and what price do consumers pay after the tax - how much tax revenue is collected?
After taxes are imposed, would producer and consumer surplus rise or decline? Need to explain this using appropriate economic concepts and theory.
Mr. Wiggley wants to buy a new house. It will cost $178,000. The bank will loan 90% of the purchase price at a nominal interest rate of 10.75% compoundedweekly.
A nation has a fixed amount of Capital and Labor which lies on aggregate isoquant when all inputs are being used efficiently.
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