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"Senior citizens deserve an income that will allow them to live in comfort for their remaining years." This is
a. neither a normative nor a positive statement
b. both a positive and a normative statement
c. strictly a macroeconomic issue
d. a positive statement
e. a normative statement
The deadweight loss from a tax of $x per unit will be smallest in a market
Why the short-run demand for gasoline is less elastic than the long-run demand, when the price of gasoline rises, people immediately cut back on unnecessary trips.
What are macroeconomic factors and are they useful for economic forecasting? What are economic indicators? Are any of them useful for forecasting economic growth?
Bob consumes two commodities: x and y. For what values of py will Bob buy y, and for what values of py will Bob buy only x?
Do you think the industry environment is significantly dissimilar today.
question 1 for the following scatter plot what would be your best estimate of the correlation coefficient?nbspquestion
The chance of someone in the family getting sick over the relevant time period is 20%. What is the expected value of V over the vacation?
Why does a union electrician earn less than a non-union electrician? Why does a white male earn more than a white female with the same level of education?
1. is the industry or industries in which the firm operates conducive to abnormally high rates of return?2. does the
Calculate the consumer surplus, producer surplus, government revenue and deadweight loss for taxes of $4, $8, $12 and $16 per unit sold. What tax maximizes government revenue?
illustrate what additional effect follow this initial affect. what is the total affect of the tax cut on aggregate demand.
Suppose that firms are NOT owned by consumers.than what is the value of that maximizes total consumer well-being?
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