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True/False/Uncertain/ Explain For each of the propositions given, state whether the proposition is true, false, or uncertain, and then support your answer with an explanation. Use 1-3 concise sentences with each one.
a. The first fundamental welfare theorem gives the conditions under which the private market can lead to a particular efficient outcome.
b. A Pareto efficient allocation is one that yields a fair outcome.
c. A social welfare function summarizes society’s preferences over citizens’ utility.
What is the impact of the shrinking world on whether small to medium sized businesses should engage in international trade.
Using the three intellectual property concerns that you identified in the first part of this discussion - determine which concerns can be addressed by processes internal to the firm and which must be handled by factors.
Explain what the political motives are behind more third world countries joining the international market. What is/are the motivational factors?
Write two key assumptions of Lewis' two sector model that give rise to its conclusions? How would the model's conclusion differ if these assumptions do not hold?
A newspaper recently reported that the Chinese central bank has decided to reduce its reserve holdings of U.S. government bonds. What effect might these purchases have on the U.S. bond markets, the Chinese Balance of Payments, and currency valuations..
Suppose an economy has no imports and no income taxes. Its marginal propensity to consume (MPC) is $0.75, and its real GDP level is $250 billion. Businesses increase their investment by $10 billion. Calculate the multiplier and the change in GDP.
Assume the market for bagels is in equilibrium.
Suppose the required reserve ratio is 8% and that banks hold no excess reserves and the public does not change its currency holdings. If the Fed sells $5 million worth of securities, the amount of deposits in the banking system changes by $______ mil..
Illustrate what are the historical trends and current state of the federal budget and deficit spending. Should the federal budget be balanced? Is this really necessary.
The federal government and the state governments constitute the U.S. legal system. This system is based on the legal system of
q1. rich has 100000 and poore has 1000. which of these statements is most strongly supported by the theory of consumer
Health insurance companies in a country decided to introduce pre-authorization review of hospital admissions, i.e., all hospital admissions must be pre-authorized and the health care provider must contact the insurance agency to get the approval to a..
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