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Question 1: A frequent argument in support of government-produced goods is that they are vital to social welfare, and therefore their provision cannot safely be left to the "whims" of the marketplace. Does this explain why parks and libraries are usually municipal services, whereas food, shelter and medical care are usually secured through the market? Can you suggest a better explanation to account for these cases?
Explain why a decrease in interest rates may have a limited effect on improving Australia's level of economic performance.
The market interest rate is 6%. If they buy a riskless bond they will earn the full interest. Considering the information given, what interest rate should a bond buyer pay for a risk-less bond?
Explain the significance of globalization, multinational, outsourcing, General Agreement on Tariffs and Trade (GATT), division of labor, comparative advantage.
Now Europe puts a tariff of t per unit on the good but the United States does not. What is the effect of the tariff on the U.S., European, and total quantities.
zeon a large profitable corportation is considering adding some automatic equipment to its production facilities.an
Why do we need LR parsing or is the necessity of LR parsing Explain.
Suppose the demand for what you "sell" rises relative to the supply of what you sell. a. How would you know demand has increased (What is the first piece of information which would lead you to conclude that demand has increased)
Problem: The argument of Adam Smith was that some nations were richer than others not because of innate differences across races but because of economic and historical factors. Draw your forethought on this.
You are watching national news with your roommate. The news anchor says, "unemployment statistics release
Write a C++ program to store up to 5 testgrades for each of up to 5 courses. You should use a two-demensional array to achieve this task. Each row shouldrepresent the test grades for a given class.
According to Okun's law as it applies to Australia, when cyclical unemployment increases from 2 to 3 %, the contractionary gap increases from ___ %, measured in relation to potential output:
(a) Write down the maximization problem for this individual. (b) Solve the maximization problem and nd current consumption, future consumption and savings (or assets).
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