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During the energy crisis of the 1970s, and again in the last 5 years, Congress bemoaned the “price gouging” and “windfall” profits of the major oil companies. In the 1970s Congress imposed an “excess profits tax” on these companies. It did not do so this time? What does this change show about how our understanding of the way the price system works to allocate resources has evolved? If “excess profits” are taxed away, where will oil companies get the money to fund new exploration and development of oil properties? Does it matter if these price increases are demand or supply induced?
q1. use a hypothetical example to illustrate whether you agree or disagree with the following statement unemployment
Public goods are not privately provided because
What is the impact on the demand curve facing an individual firm in the short run - What happens to output produced by an individual firm in the short run?
An investment, which is worth 10,500 dollars and has an expected return of 16.83 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected in 1 year from today and the last annual cash flow..
Which of the following constitute a reduced form solution of a model?
Which of these consumption activities will most likely impose an external cost? Which of the following cause and effect events is in order for a seller. Which of the following demonstartes the law of demand. which of the following is the best example..
Higher unemployment caused by the recession and higher gasoline prices have contributed to a substantial reduction during 2008 in the number of vehicles on roads, bridges, and in tunnels. If the marginal cost of letting another vehicle cross a bridge..
How do the topics in Inequality for All affect students? Which topic in particular seems the most urgent/important to your audience, and what do you want to persuade them to think about it?
Explain the difference between income effect and price effect in intergovernmental aid systems by also explaining the difference between foundation aid systems and power-equalizing aid systems
Discuss your thoughts on the organization of the Federal Open Market Committee (FOMC). Why is the New York Federal Reserve president always on the FOMC? Does the committee meet often enough? Should its meetings be closed to the public? Have its recen..
Use the data provided below to calculate each of the following: the size of the labor force, the unemployment rate.
Will countries be better off under a multilateral economic liberalization regime or under a system of regional economic integration? Why? How useful is economic geography in explaining the success of regional economic integration blocs? Give examples..
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