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Explain with an example how the law may permit something that is ethically wrong.
Samuel and his friends form an LLC. Samuel, through an agreement, promises to contribute personal property to the LLC within a year of the LLC's operation. Samuel passes away in an accident a few days after signing the agreement. Will the agreement still hold? Give reasons in support of your answer.
If Social Security were considered part of the general budget then,
What types of policies might be proposed by a government if there are missing markets? (Markets may fail to form, resulting in a failure to meet a need or want, such as the need for public goods, such as defense, street lighting, and highways..) why ..
Explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing economies of scale and cite causes and examples.
Assume that over a range of prices, the price elasticity of demand varies, total revenue curve over these two ranges of the demand curve as price fall.
If the government decides that aggregate demand is excessive and is causing inflation, what options are open to it? What if the government decides that aggregate demand is too weak instead?
Keynesians would likely agree that: A. all unemployment is frictional unemployment. B. if a person isn't working, that's his or her own choice. C. structural and cyclical unemployment are more common than frictional unemployment. D. unemployment is i..
illustrate and explain how each of following would affect market value of US dollar. Canada experiences severe deflation. US engages in an expansionary monetary policy.
Consider a consumer, Adam, who has a fixed amount of income, I , which he can spend on two goods each month, Christopher Nolan Movies and Chipotle Burritos, denoted by M and B , respectively. Will Adam’s consumption of Chipotle Burritos increase, dec..
q1. 1. given that in 1995 real gdp was 6742.1 and nominal gdp was 7265.4 what is the value of the gdp deflator?2. for
Consumer and investor optimism and pessimism matter a great deal in the economy. Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country.
Assume that the demand for plastic surgery price is inelastic. Are the following statements true or false? Explain your answer
Business cycles involve fluctuations around full employment real GDP. List and explain at least three of the possible causes. Demand for goods and services is more or less than the firm. Is supply-side economic activity more important than demand-sid..
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