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Propose at least three methods that governments should employ to reduce their exposure to asymmetric information problems when attempting to identify entrepreneurial projects supported by public funds
Madelyn owns a small pottery factory. She can make 1,000 pieces of pottery every year also sell them.
How would an economist respond to the opinions expressed in this documentary? What aspects of the current food system would an economist view as a positive development?
Microsoft wants to sell more copies the additional income from each additional copy it sells.
barbers who have turned farmers will drive down wage rate but will still be earning more than if y had remained barbers. Who benefits from technological progress in farming Farmers or barbers.
what is the value of the money multiplier given each of the following sets of values for CUR and RES? what would be the equilibrium value of total money stock assuming a monetary base of $10 trillion?
sales in joint facilities are lower than sales in two separate facilities. Elucidate what do these numbers imply for the decision of when to open a shared facility versus two separate facilities.
Neglect other concerns, like closing costs, capital gains, and tax consequences of owning, and determine whether it is better to rent or own.
Illustrate what are the equilibrium wage rate and level of employment. What is the amount of economic rent.
An individual, who has income I, cares only about two goods: X and Y. Their prices are Px and Py, respectively. The individual's utility function is U(X,Y)=aln(X)+(1-a)ln(Y).
If country desires to smooth consumption, explain how much it should borrow in period 0. Illustrate what will level of consumption and trade balance is from then on.
Analyze the impact of this floor on price, quantity demanded and supplied. Would this price floor create a surplus or deficit of this product in the market?
indicates that the short run price elasticity of demand for tires is 0.9. if a tire store raise the price of a tire from $50 to $60, elucidate by what percentage should it expect the quantity of tires sold to change.
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