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How do government policies and/or regulations factor into changes in economic activity on both a domestic and global scale?
Give a specific example of a policy or regulation that has helped economic activity.
Give a specific example of a policy or regulation that has hindered economic activity.
If you were an economist who was tasked with evaluating this policy or regulation, what are some ideas you would suggest for changing it in a way that would achieve the same goal but not hinder economic activity?
Finally, state whether or not you enjoy these types of evaluations and if you would consider these types of responsibilities in a future career.
Describe the point at which diminishing returns occur. Indicate the points that delineate the three stages of production.
Since there is free mobility of resources, the perfect competitor can freely move in and our of a given perfectly competitive market. Economic profit involves explicit costs, while accounting profits involve implicit costs. The demand which a monopol..
(Arbitrage) A supplier is selling hammers in two cities, Pleasantville and Happy Valley. It costs him $5.00 per hammer delivered in each city. Let p1 be the price of hammers in Pleasantville and p2 be the price of hammers in Happy Valley. Assuming th..
Can you give me a 500 word summary explaining what "opportunity cost " is?
Why is the unrestricted entry of new firms to all markets necessary to assure the efficient allocation of resources in the long run?
During the 1970s the postwar baby boomers reached working age, and it became more acceptable for married women with children to work. predict how this increase in the number of working is likely to affect the equilibrium wage and quantity of emplo..
An entrepreneur took a one-month leave of absence. Elucidate how many units did she have to sell To facilitate turn a profit
The discount rate for the stock is 15% and the rate of return on reinvested earnings is also 15%
Excise tax is collected from fishermen, who protest that y alone are bearing burden of this policy. Why might this protest be misguided.
What approach can be taken in regression to account for qualitative factors or events?
The initial steady-state level of capital per worker in Macroland is 5. The Golden Rule level of capital per worker in Macroland is 8. a. What must change in Macroland to achieve the Golden Rule steady state? b. Why might the Golden Rule steady state..
Illustrate what would happen to the profits CPI makes via their toothpaste division.
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