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Voting mechanisms
One popular voting scheme is rank-order voting, where individuals assign a rank (1,2,3) to the possible alternatives; the assigned ranks are then added up and the alternative with the lowest sum wins. Consider a choice among the 4 alternatives
Assume the supply for good x is estimated. Is good x storable. Explain it numerically the data you are using to suppor answer.
Show that the government can achieve the social optimum by setting the correct tax prices a, b, and c. What prices should it set?
As the number receiving the bonus vary from year to year due to the state of the economy.
Illustrate what is the difference among real GDP and nominal GDP. Does GDP accurately reflect our nation's productivity.
Describe what effect a contractionary fiscal policy would've on the price level and real GDP starting from full employment equilibrium.
Required to find out an articles about price elasticity in the home building industry
Agree or disagree and describe: In monopolistically competitive market, firms that innovate successfully can increase their economic profits and lock in higher market shares over long run.
Assume whether you believe the organization will expand or contract as well as address the price elasticity of demand and competitors.
Illustrtae what does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate.
Rise in the price of TV sets in Japan also depreciation of the dollar lead to a total increase of 9 percent in the dollar price of imported.
Full employment income is estimated to be $11,000. The current interest rate is estimated to be 4.178 recent. While last year total business investment spending was $900.
GDP is the total value of all final goods and services produced in within a country in a given year. Do you think the GDP is a good indicator of economic well-being. Illustrate what other factors do you think contribute to a good standard of living.
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