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1. Why should we learn how the american family can be affected by economics?
2. What do you think of the European approach to encourage conservation in gasoline use by imposing very large excise taxes on gasoline?
3. What trade barriers did US face in place during 1990-2000?
A country has only two inputs K and L and produces two goods X & Y. It is endowed with 30 units of L and 15 units of K. Industry X is endowed with 25 units of L and 5 units of K and industry Y has the rest of L and K. This is an inefficient allocatio..
Medfin Accounting Company (MAC) specializes in providing accounting and tax services for medical establishment and professionals. Presently, the company's production method is highly labor-intensive because many of the book keeping tasks are done man..
The traditional remedy for a nuisance is an injunction, and the non-traditional remedy is damages. Explain in a paragraph, circumstances in which the former is more efficient than the latter, and the circumstances in which the opposite is true.
What will be the equation for the new supply curve once the subsidy is in place - what is the new equilibrium price for this good once the subsidy is in place?
In 1999, there was broad concern about the Y2K computer problem. Banks, and the Fed, predicted that many people would want to hold additional cash in case software glitches blocked access to their bank accounts on January 1, 2000. What happens to the..
You have just won $100,000 lottery. Use a diagram showing the tradeoff between leisure ( on x-axis) and goods (y-axis) for the following: Show how the lottery winning affect your budget line
Persons or organizations that agree to provide some funds for a new business in exchange for ownership interest or stock are called
Show that if this is true (ie that both factors of production are 'rewarded' according to their marginal products) and we add together the total value of real income to all units of labour and the total value of real income to all units of capital..
This service agreement prohibits you from taking any action that negatively impacts Basis its reputation, products, services, management or employees. If you violate this clause, as determined by Basis in its sole discretion, you will be billed $3,50..
Identify also Talk about an industry or a marketplace segment companies were the "wrong" size for the long term.
Consider a free market with demand equal to Q= 1000 – P and supply equal to Q = 20P. What is the equilibrium price and quantity?
For a number of years, Japan automakers voluntarily limited the number of cars they exported to the United States. What effect do you think this had on Japanese imports of U.S cars and U.S exports of goods and services other than automobiles?
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