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a. Do you think it is the same to act in your own self-interest as it is to act in a selfish way? Why or why not?
b. Do you think enlightened self-interest is a contradiction in terms, or is it a valid basis for all action? Evaluate whether our laissez-faire, free-market economic system does (or should) operate under this philosophy.
If inflation falls from 5% to 3% to 1.3% it is sometimes called. Typically the government: If the nominal rate of interest is 8 percent and the inflation rate is 3 percent, then the real rate of interest is: The unemployment rate is the percent of t..
Suppose an industry consists of 2 firms that compete by choosing quantities simultaneously in each period t = 1, 2, 3,...... (in other words, the two firms play infinitely repeated Cournot game). Inverse demand in the industry is given by the linear ..
q.1. there are two firms in an business producing identical products. market inverse demand curve is pq 1-q where q
Analyze the reasons for and against the merger and assess the actual performance of the consolidated company against the pre-merger expectations.
should the fed be independent?1. nbspthe federal reserve system has a large measure of political independence. the
Based on your graphical analysis, explain the predicted impact of Mr. Buchanan's proposed policies. Specifically state what happens to the exchange rate, the trade balance, the volume of imports, and the volume of exports.
If the two firms each maximise profits independently, explain how much output would each firm produce. Explain how much quasi-rents would each factory earn.
Describe elderly individuals who complain about the increasing cost of their medications have no real complaint.
Which of the following would most likely serve as an example of a monopoly?
Suppose that international markets expect inflation to average 1.7% in germany for the foreseeable future, and U.S. inflation is expected to average 1.5%. Based on that information one should expect the dollar to:
If the farmer rented her land from a landowner, would she have the same incentives to control soil erosion. Illustrate would the landowner have an incentive to control erosion.
Average citizens are not concerned about the incidence and efficiency of taxes when they debate tax issues. They are concerned primarily about the fairness of the tax system. Economists have proposed two conflicting principles of fairness in any tax ..
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