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Why the supply curve of labour to industry in the Lewis model is horizontal if there is surplus labour in agriculture. This condition persists as long as the marginal product of labour in agriculture is zero?
When the government uses fiscal policy to help the economy crowding out occurs because
Analyzing and understanding data is an important part of decision making. Econometrics is defined as the statistical methods used to analyze data and make informed decisions. For this assignment, you are required to research data related to an econom..
For Firm A, when four units of output are produced, total cost is $175 and average variable cost is $33.75. What would average fixed cost be if ten units were produced.
When Alan Greenspan (who would later become chairman of the Federal Reserve) ran an economic consulting firm in the 1960s, he primarily hired female economists. He once told the New York Times, " I always valued men and women equally, and I found tha..
The income tax requires that taxpayers pay 10 percent on the first $50,000 of income and 20 percent on all income over $50,000.
Is the answer to fixing many problems in education as easy as giving school systems more money? Why or Why not?
Microeconomics is considered to be the study of scarce resources (Perloff, 2007). Here, consumers (both individuals and organizations) must make allocation decisions.
Using the simple model of multiple deposit creation, state the ultimate impact on M1 from the Fed's sale.
A small Indiana town has one resident who uses and enjoys the local bowling alley. The marginal benefit of bowling for that resident is given by MB=50-6Q. The manager at the bowling alley has set the price of a game at $20. What is the total benefit ..
q. suppose that market demand for golf balls is described by q 90 - 3p where q is measured in kilos of balls. there
What is financial risk as it relates to required return?
This assumption implies that armed conflict can be a necessary prelude to a negotiated settlement of a newly arisen dispute. What about breakdown of existing agreements to settle territorial disputes peacefully.
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