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Think the following assertion: We all benefit through having physicians available in case we require them. Therefore, the government should subsidize medical education.
Critique this justification of government subsidies based on an externalities argument.
A bank loan has a quoted annual rate of 6%. However, the borrower must maintain a balance of 25% of the amount of loan, and the balance does not earn any interest.
Questions on Long-Run Labor Demand and Factor Substitutability, Own-price elasticity, Cross-price elasticity
Describe the impact of an increase in government spending on GDP using both Keynesian and classical points of view.
See the inflation adjusted data also identify the periods of negative real economic growth. What might have caused each of these periods of economic decline.
Illustrate a supply or demand curve shift for the following article-The majority of grain and oilseed futures are traded on the Chicago Board of Trade (CBOT). Government estimates released on Monday, January 12, 2009 sent CBOT grain and oilseed
Most commercial fish species in nearly every ocean and sea are rapidly depleted. The world fisherman and vessels represent twice as much fishing power as major stocks of fish can sustain.
Suppose that the income effect of the tax induced price change is negligible, the excess burden of the tax will be.
What value added means is not a higher price for certain goods. Value added means adding value to a raw product at its present stage of production and possibly taking that product to the next stage of production.
Elucidate assumption concerning economies of scale will give rise to a determinant and optimal scale of the firm in Long run equilibrium in perfect competetion.
Explain how is it that monetary policy, such as open market operations.
Explain why do we have such extreme diversity in pay in the US-port stars, actors, others making very high salaries while others make much less.
Utilizing an aggregate supply and aggregate demand diagram, show why this self-correcting process involves only temporary periods of inflation or deflation.
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