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What's meant by the federal funds market and what's the federal funds rate?
If the marginal cost of providing police protection is $10.00, what is the socially optimal level of police provision?
The demand for cartons of cigarettes is Q = 1200 – 10P and the supply of cartons of cigarettes is Q = 20P. Suppose the federal government levies a $10 per-carton-tax on sellers for every carton they sell. What is the statu tory incidence for the $10..
Describe the Harrod-Domar growth model, and explain precisely how the model illustrates dynamic instability. Why is it often called the knife’s edge model?
The increasing of ageing population might lead to certain issues; the first one we need to face will be the public debt. Ageing population when they retired, the consumption exceeds income and investments will exceed Savings.
What is meant by marginal analysis, and how is this related to the objective of efficiency for a society’s allocative choice.
Provide one quote and its context for both a positive and normative statement. Explain your choices. Estimate the statement choices of your fellow students.
Firms 1 and 2 compete in a Cournot duopoly. If firm 2 adopts a strategy that raises firm 1's marginal cost:
Returning to question 2, suppose the government put a tax on soda of $.50 per can to be paid by consumers. Graph the before and after tax supply and demand curve. What is the new ewuilibrium price and quantity?
What is included in the true marginal cost of public spending from an economic perspective? Briefly explain why government spending typically grows faster than economic output.
Given the Concept Rating for a New Wine Cooler Table below, estimate the probability that a randomly selected 21 to 49 year old consumer:
Suppose Canada's exchange rate with the euro rises from 1.2 to 1.4. This rise indicates a(n) ________ of the Canadian dollar, which means it takes ________ Canadian dollars to purchase one euro.
Sally deposited $100 a month in her savings account for 24 months. For the next five years she made no deposits. What is the future worth in Sally's account at the end of seven years if the account earned 6% interest annually, compounded monthly?
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