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Suppose that society decided to reduce consumption and increase investment. How would this change affect economic growth? What groups would benefit from this change? What groups might be hurt? Justify your answer.
When the productivity index is moved from 0% to 25% Total product increases and the marginal cost decreases. Can someone explain to me why this happens?
Describe some theories or explanations of why the crime rate fell in the 1990. Murders are now on the rise again.
Explain how would either decision change if the government imposed a 20 percent tax on earnings and interest income. Illustrate what would happen if the government exempted interest income.
Why is the long-run aggregate supple curve vertical? Explain the shape of the short run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full-employment output and realively steep to the right?
Travelers not planning ahead often have great difficulty finding rental cars due to high demand. however, during nonwinter months tourism drops dramatically and travelers hav eno problem securing rental car reservations.
"We have too many hotels in this town already. Statistics show that vacancy rates average 20 percent on any given night." Assuming this is correct, evaluate his negative assessment of the situation in terms of business-stealing and product-variet..
In the early 1990's, a study found that moderate daily consumption of red wine reduced the incidence of heart disease in labratory rats. As a result of national press coverage of the report, the demand for red wine increased dramatically. Assume t..
Explain the principles of microeconomics apply to other country. Describe any differences or special situations.
A rural utility company provides standby power to pumping stations using diesel-powered generators. An alternative has arisen whereby the utility could use natural gas to power the generators, but it will be a few years before the gas is available..
I recently purchased skim milk instead of soy milk because skim milk was less expensive. Describe how the law of demand affected my purchase and discuss new equilibrium price and quantity.
Assume you want to hedge a $400 million bond portfolio with a duration of 4.3 years using 10- year Treasury note futures with a duration of 6.7 years.
Explain how an individual's Demand curve for medical care will change (i.e., shift) if the following things happen (consider each change individually, holding all other possible influences constant.
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