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Use an example to illustrate an explanation of why moving from a total catch restriction to a quota system is likely to lead to better biological and better economic outcomes.
For the Keynessians, as for the classicals, there is money neutrality in the long-term for the theory of aggregate supply. However the short-run is a different issue. What happens in the short run as the money supply increases? What happens to the pr..
What are some of the larger issues that Microeconomics attempts to address? How is this different than what is examined in Macroeconomics?
The Australian dollar continued to rise by another 20 percent against the U.S. dollar in between 2010 and 2012. How would this have affected Billabong? Is there anything that Billabong might have done to limit its long-term economic exposure to chang..
the congressional research service estimates that at least $45 million of counterfeit u.s. $100 notes produced by the north Korean government are in circulation. Explain why do U.S. taxpayers lose because of north Korea's counterfeiting.
Susie's boss offers her $100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost.
Explain how much would cumulative spending increase as a result. H ow much more did the average household spend on appliances, electronics, and furniture when it received the 2008 tax rebate.
Find the probability that the number who consider themselves baseball fans is? (a) exactly? five, (b) at least? six, and? (c) less than four.
Given two countries (Uganda & Botswana) and two goods (Cars and Shirts) model, suppose Uganda is endowed with ten million workers and each of its workers can produce either five cars or ten shirts per worker. Politicians decide to open to trade. Whic..
Suppose that an increase in consumer confidence raises consumer expectations of future incomes and thus amount y want to consume today this might be interpreted as an upward shift in production function how does this shift affect investment and r..
Which of the following is a necessary assumption when using an analysis of variance?
Consider the following game. A firm currently on the market (incumbent firm) faces the potential entry of one firm (the entrant). If the incumbent remains alone on the market, his profit is 1000. The incumbent can try to convince the entrant to do no..
Illustrate the opportunity cost between the two goods is always constant. Which of the following combinations of the two goods, X and Y, is it possible for the economy can produce?
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