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1. Explain the economic effects of spillover benefits?
2. Thoroughly and completely explain how spillover benefits are corrected and the economic implications of the corrections?
Countries A and B have two factors of production, capital and labor, with which they produce two goods, X and Y. Technology is the same in the two countries. X is capital- intensive; A is capital-abundant. Analyze the effects on the terms of trade an..
In a recent poll of 700 homeowners in the United States, one in two homeowners reports having a home equity loan that he or she is currently paying off. Using a confidence coefficient of 0.95, derive an interval estimate for the proportion of all hom..
A wave of day laborers with experience in home construction moves into the area. Will this shift the labor supply curve, demand curve or both in home construction.
Sam owns outright (no mortgage payments) two plots of land of equal size in Southern California. One plot is in Victorville (the High Desert) and the other is in the coastal community of Newport Beach. Given that Sam’s calculations were correct on t..
The term consumer sovereignty refers to...
How do the following theoretical frameworks of international relation and global politics view states and other actors in the international system: realism, liberalism, Marxism and constructivism?
On a single graph draw marginal cost curve, average total cost curve and average variable cost curve for a typical firm. Explain how area that represents profit or loss this firm will earn.
Discuss Malthus' reaction to capitalism. How might we understand this reaction? Does his population thesis retain any validity for today's world? Outline Marx's attack on capitalism. How has capitalism changed in ways unanticipated by Marx?
If Evren wishes to make 25 tons of donuts, how many bakers are required given the current level of capital? How much will it cost to produce this (total cost)?
The lower the interest rate, the lower the:
Some economists have suggested that the best way to control medical costs is to remove the profit incentive for health care providers, particularly hospitals.
What are the economic and political arguments for regional economic integration? Given these arguments, why don't we see more integration in the world economy?
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