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explain how the keynesian cross shows that the economy is susceptible to self-fulfilling prophesies, either positive or negative
Suppose the total demand for wheat and the total supply of wheat per month in a market are as follows: a. What will be the market or equilibrium price? What is the equilibrium q
1). Define and explain the concept of an externality. Provide examples of both positive and a negative externality. 2). The Prisoner's Dilemma Exercise:
what are fundamentals of welfare economics?
define opportunity cost and how it is useful in managerial decision making?
Explain the Kuhn-Tucker Theorem in economics. Kuhn-Tucker Theorem: Assume that x solves the inequality constrained optimization problem and also satisfies the constrained qu
It is important to understand the important characteristics of monopolistic competition. The knowledge of these features will enable the students to know how this form of market st
discuss the central economic problem facing survivor group
ref article :http://www.economist.com/news/finance-and-economics/21587795-if-congress-fails-lift-limit-americas-debts-consequences-are a.assume that the debt ceiling crisis
Question 1: (a) Discuss the adjustment to an increase in demand for a perfectly competitive market in the: (i) Short run (ii) Long run (b) How would the same industry
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