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Public interest theory and public choice theory mean the same thing.
True/False
The “keep the money at home” protectionist argument holds that US dollars should not be allowed to circulate overseas.
One of the major discussions about health care is the rising spending for health care.
With third-party payers (for example, health insurers), the quantity of services consumed rises, as does spending.
Cicero wrote that good government was when the governors/politicians worked for the common good.
Andy purchases only two goods, apples (q1) and kumquats (q2). He has an income of $40 and can buy apples at $2 per pound and kumquats at $4 per pound. His utility function is U(q1,q2)=3(q1)+ 5(q2). What is his marginal utility for apples and what is ..
The issue of competition over time presents a number of problems for a firm. Based on your reading, additional research for this question, and personal experience, what do you believe is the most effective way a firm can compete over time?
What profits are being made. What type of profit is this normal or abnormal. What is the cost per passenger carried(as opposed to the cost per vehicle kilometre)
What is the role that multinational corporations play in world affairs, according to proponents of globalism? What is the role that MNCs play, according to critics of globalization? Which view do you find most persuasive? Explain. Select a nation, co..
According to our discussion in class, the price of tuition at for-profit institutions (such as the University of Phoenix) tend to be much higher than people expect. For-profit institutions produce much better outcomes than public institutions, so the..
Entrepreneurs see an opportunity where others see obstacles. A recession is a great example. Recession means unemployment, difficulty paying bills, fewer customers, home and business foreclosures, and cost cutting in different areas for individuals a..
The Olde Yogurt Factory has reduced the price of its popular Mmmm Sundae from $2.25 to $1.75. As a result, the firm's daily sales of these sundaes have increased from 1,500 per day to 1,800 per day. Compute the arc price elasticity of demand over thi..
Tracy has utility given by U(F,H) = FH^2. Last week Tracy had an income of 6 and the price of food was 1, the price of housing was 1. This week Tracy has income of 12, the price of food is 1/2 and the price of housing is 4. Find Tracy's optimal it co..
Out of the four motives of MNCs (in their foreign direct investment decisions), explain how each motive affects the volume of intra-firm trade among affiliated firms (say trade between parent to affiliate firm in another country)
Illustrate what are they, and what impacts do they have on the outcomes of Keynesian countercyclical policies.
What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar?
Given this information, evaluate the following statement: Airlines could have the same effect on demand by eliminating their frequent flyer programs and simply lowering the average ticket price by 10 percent.
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