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1. Describe the growth of the economic role of the federal government since the 1930s.
2. Give two examples of public goods or services that you use.
3. If you could order a cut of $100 billion in federal spending, which programs would you cut and why would you cut them??
Calculate the price elasticity of demand using the point formula for Px = 20 and Py = 10. Determine whether demand is elastic, inelastic, or unit elastic with respect to its own price and whether Good Y is a substitute or a complement with respect..
A firm with the ability to affect the price of its product:
What is the equation for national saving? Calculate the equilibrium interest rate, aggregate level of investment in the economy, and the aggregate level of national saving. Illustrate in a diagram.
q.country economic analysis report country for indiacollect the following data for the most recent year available1 gdp
Firms that had virtual monopoles, that is control over at least 80% of industry production, because of control over an essential resource include all of the following except the - The marginal revenue that would be derived from the production of a ..
Two common drawbacks of Pigouvian subsidy mentioned in the literature are related to monetisation and measurement of social cost (Baumol) and reciprocity of social cost (Coase). What alternatives to Pigouvian taxes are proposed in the literature? Hav..
Explain in words why an employer would never want to stop increasing the quantity of labor employed when the marginal product is above the average product of labor.
q.assume that his gold-mining industry is competitive.illustrate a long-run equilibrium using diagrams for the gold
What is wrong with claiming that changes in the distribution of income are associated with trade instead of the technological changes that the article discusses.
Discuss the issue of health care in the context of the following microeconomic concepts: ?Marginal analysis ?Trade-offs ?Opportunity costs ?Normative versus positive economics
q1. suppose that there are two products soda along with clothing. both brazil and the united states produce each
Outline reasons why the marginal revenue product differs between workers in different jobs.
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