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Could production and consumption take place without money? If you think they could, give examples. Before reading on, how would you define scarcity? Must goods be at least temporarily unattainable to be scarce? If we would all like more money, why does the government not print a lot more? Could it not thereby solve the problem of scarcity 'at a stroke'? What is it that makes each one of the above news items an economics item? Which of the following are macroeconomic issues, which are microeconomic ones and which could be either depending on the context? Assume that you are looking for a job and are offered two. One is more unpleasant to do, but pays more. How would you make a rational choice between the two jobs?
Based on the assumption that each family spends $100 plus one-half of its total income each week, what is the total weekly consumption spending of a poor family prior to instituting the tax? What is the total weekly consumption spending of a rich ..
What would happen to the equilibrium price and quantity if the government introduced a production quota of 10 million bushels? Show the new equilibrium price/quantity and calculate quota rents.
My paper is about evaluating the potential for State Farm Insurance expands
questionmonopolies are very efficient. do you agree or disagree? provide justification for our response.questionname at
Jean-Baptiste Say argued that entrepreneurs should be called the fourth factor of production because they organize the other factors and make things happen or else.
Determine whether a permanent increase in the size of the labor force and an improvement in technology, other things held constant, would lead to an increase, a decrease, or no change in long-run aggregate supply:
How do you propose to enact these standards when you are an administrator? What is the regulation or statute for? Who does the act protect? What are the consequences for violating it? Why are laws like this good for protection? How do you propose..
A piece of construction equipment (asset class 15.0) was purchased by the Jones construcion company. The cost basis was $300,000. Determine the GDS and ADS depreciation deductions for this property.
i.a. what is gross domestic product gdp and what is the use of it?b. comment on how well this measure serves its
What are the distinguishing characteristics of “public goods”? Give two examples of a public good. Why are public goods difficult for markets to allocate efficiently?
1 define the sustainability criterion as used by tietenberg. what does this criterion say about fairness to future
Write a 2-page paper describing how trade, comparative advantages, and specialization can aid in improving efficiency of individuals, firms, and/or countries.
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