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What is the dissimilarity between positive and normative economics? Explain the difference between the two and give an example of a normative economic question and a positive economic question.
An increaseing governemtn expenditure in increasing GDP when it is financed by rasing taxes or slling government bonds to the general public or else.
Exchange in an island economy.robin and terry are stranded on a deserted island and consume two products, coconut and fish. In a day, robin can catch 2 fish or gather 10 coconuts, and terry can catch 1 fish or gather 1 coconut.
if the four-firm concentration ratio of an industry is 75 what does it mean?industry a is composed of five large firms
Machine A was purchased three years ago for $10,000 and had an estimated market value of $1,200 at the end of its 10-year life. Annual operating costs are $1,100. The machine will perform satisfactorily for the next seven years.
calculate the monopolists profit under the following conditions. the intersection of the marginal revenue and marginal
Discuss the effects on a country's current-account balance from the following changes in tax rates. a. A permanent increase in the tax rate on labor income and b. A temporary increase in the tax rate on asset income
What is the initial effect of the tax reduction on aggregate demand? What additional effects follow this initial effect? What is the total effect of the tax cut on aggregate demand?
the following table presents data for wages in the market for internet security professionals.in the labor market the
suppose a firm has the production technology shown below for goods 1 and goods 2 and respond to the following with an
In spite of significant price increases for gasoline in the last two years, the amount of gasoline consumed has not decreased a lot--does this mean that gasoline is an exception to the law of demand.
"we oppose a nationsl market for pollution rights, as this would put an undue burden on low-income households who would no longer be able to afford to drive cars or heat their homes. instead, we propose that large corporations be required to reduc..
problem 1a student spends the summer working as an intern at a financial services company gaining valuable experience
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