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Q. If an economist refers to a ‘lemons market,' what should you infer? A. She is referring to a market for fruit. B. She is referring to any market with asymmetric or hidden information. C. She is referring to a market where sellers of high-quality goods withhold their products from market so most goods that are bought and sold are lemons. D. She is referring to any market where a transaction could leave buyers with a bad taste. 7. Lorenz Curve Suppose a society has two individuals. One has annual income $10000, or has annual income $90000. What is Gini coefficient for this society?
Illustrate what is the equilibrium price. If supply at every price is reduced by five gallons, what will the new equilibrium price be.
Use at least one of the four Marshall-Hicks laws of derived demand to explain this difference in effectiveness between the unions.
Illustrate what is the interest rate. Jack and Jill both obey the two-period fisher model of consumption.
Shift the curve in the subsequent graph to show the effects of such a training program.
Compute effects of an appreciation and a depreciation in the exchange rate on the price of its output in that country and the likely effects on the demand for its output.
If the Federal Reserve adopts a restrictive monetary policy that leads to relatively high interest ratesin United States, what happens to the demand and supply of foreign currency and the dollar's exchange value.
The following equations describe a small open economy. Calculate the equilibrium level of output (Y*).
If 100 % of deficit is financed by sale of securities to federal agencies, illustrate what happens to amount of debt held by public Illustrate what happens to level of gross debt.
Explain how much smaller (in percentage terms) is each generation than the previous generation.
Use the endogenous growth model to determine the effects of this on the paths of aggregate consumption and aggregate output overtime.
Elucidate how marketable permits can be used to tackle pollution problems. illustrate your answer with examples from the real world. what problems might a permit face? again use real life problemswere possible.
By choosing to right of mid point but to left of republican agenda democrats would get more than half of votes and win What happens if democrats have a fairly socialist party agenda and locate to left of midpoint.
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