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Explain how shortages/surpluses are eliminated in a free market system. You can use graphs and specific examples in your analysis. Graphs don't count towards the word limit.
1. a higher rate of saving at the national level will in the long-run .a.cause a decrease in levels of capital and
The Wall Street Journal once reported on dating services, noting that the fees were $300 for men and $250 for women. The owner of the service said the difference in fees was to compensate for inequalities in pay scales for men and women
It is 1932 and you are an economic advisor to President Roosevelt. what advice would you give the president in light of the economic problems facing the country?
Minimum wage legislation requires most firms to pay workers no less than the legislated minimum wage per hour. Using marginal productivity theory, explain how a change in minimum wage affects the employment of unskilled labor?
consider two firms facing the market demand curve p 100 - q where p is in unit q is total output q q1 q2 q1 is the
make a case for the notion of a negative or positive externality. show model that illustrate how to internalize the
Demonstrate that the expression on the right in fact represents the sum of the series on the left, Draw an appropriate cash flow diagram and indicate the formulas and factors used to evaluate the cash flow diagram
Why do you suppose that the market clearing interest rates on bank savings and time deposits have been rising relative to the market clearing interest rates on bank loans?
this release also states that the federal reserve is in the process of purchasing 1.25 trillion of agency
Michael makes a great point. Economists often note that there is no such thing as a free lunch
Calculate the market demand for strawberries and plot it on a graph. On the same graph plot the supply function using the data in column A. What are the equilibrium price and equilibrium quantity?
1. Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts. In a paragraph, what are the efficiency and equity effects of introducing a voucher system likely to differ across these ..
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