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An economy in which a central authority draws up a plan that establishes what will be produced, how, and when, sets production goals, and makes rules for distribution is A. a modern socialist economy. B. a laissez-faire economy. C. a command or traditional socialist economy. D. a capitalist economy
The high rates of unemployment and business bankruptcies during the Great Depression of the 1930s caused a dramatic increase in government intervention in the economy of the United States. What was the original intent of this government intervention?..
q1. explain how did mortgage-backed securities spread losses during the mortgage default crisis?q2. transactions and
Suppose that for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E”..
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
How economic conditions affect interest rates and bond yields? Over the past six months, U.S. interest rate have declined, and Canadian interest rate have increased, The U.S. economy has weakened over the past year , and the Canadian economy has impr..
The market demand for another product you are considering selling is Q(p) = 100 ? (1)p and as the 2. Only producer of this product your production costs would be C(Q) = 40Q. What is the actual Lerner Index?
Country described by the one-country model in section Suppose that the country temporarily raises its levels of γA. Draw graphs showing how the time paths
Mr Jones run a motel in St Pete. The market is highly competitive since there are many motels in the area and average room rate per night is $35. There are 30 rooms in Mr Jones motel and each room can be rented out for 30 nights a month. Since Margin..
Now suppose your utility functioin is U= (square root)Wealth. What is the maximum you will pay for the bike check-in now.
What has caused most of the deficit pre-WWII? Since WWII? Since the 1980s? What is crowding out? Crowding in? Why do we have a twin deficits problem? How did the US run a budget surplus in the 1990s? What changed in the 2000s causing permanent defici..
You are choosing between two goods, X and Y, and your marginal utility from each is as shown below. If your income is $9.00 and the prices of X and Y are $2.00 and $1.00, respectively, what quantities of each will you purchase to maximize utility? Wh..
The Short Run Total Cost of a firm is given by C= 190 + 53 Q. Find out the firm's total fixed cost. Find out the firm's total variable cost. Find out the firm's short run marginal cost.
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