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1. Differentiate between macroeconomics and microeconomics. What types of economic activities might be included in each category?
2. List the factors that should cause a demand curve to shift to the right.
3. List the factors that should cause a supply curve to shift to the left.
4. Describe how changes in household income affect demand and supply.
Explain advantages and disadvantages of investing in real estate. Do tax laws seem to favor certain types of investments?
Festwalia has two types of workers: low-skill workers, who earn $10 per hour, and high-skill workers, who earn $20 per hour. The government of Festwalia currently imposes a 20% proportional tax on all labor earnings. It is considering replacing this ..
A company with 100 employees decides to offer its employees medical insurance administered by a major health company, but funded totally by the employer—i.e., it self-insurance. The CEO is furious with his HR director who told him that, given their h..
Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..
q1. what is the definition of sanford gordon in economics?q2. what is the relationship among marginal product and
Elucidate how the presence of imperfect information also asymmetric information provides theoretical reasons for financial intermediaries to exist.
Suppose the USA and Canada are considering to trade. Assume there are only two goods in the economy: wheat and corn. The table below illustrates what each nation can produce in a given year.
Parts two and three of AMERICAN PASTORAL represent Nathan's version of Swede's life, which you are to evaluate. To what degree is this version "true," in so far as it accurately includes the information Nathan learns about Swede in Part one of the bo..
If the interest rate rises from 10 to 12%, compute what will happen to his consumption levels in period 1 and 2.
q.consider two countries japan and korea. in 1996 japan experienced relatively slow output growth 1 while korea had
Fiscal policy changes automatically when output and employment fluctuate a. Explain why tax revenue changes during a recession b. Explain why government spending changes during a recession c. If the federal government was required to operate under a ..
A car manufacturer claims that its vehicles average at least 25 miles per gallon.
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