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Suppose that over the past 50 years, the nominal and real deficit of a country grew from $100 billion to $200 billion. Suppose that, over the same time, real GDP grew from $100 billion to $300 billion. Using __________, we can give an accurate picture of what happened in the country and conclude that the country is __________.
nominal deficits; worse off
real deficits; worse off
real deficits; better off
deficit-to-GDP ratio; worse off
deficit-to-GDP ratio; better off
Discuss whether or not oligopolies are always bad for society, using examples from the industries you described.
As per to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. Elucidate is a company violating the optimality rule.
The Carolina Christmas Tree Corporation grows and sells 500 Christmas trees. The average cost of production per tree is $50. Each tree sells for a price of $65. The Carolina Christmas Tree Corporation’s total revenues are
Eighty five years ago, America's 12-year Great Depression began with a crash. The bottom fell out of the stock market on October 24, 1929, signaling the start of the longest and deepest economic decline in the nation's history. Could the crash happen..
What happens to market price and quantity if demand rises but supply falls? Draw them with labels. Qd rises from 40 to 60 if P falls from 12 to 8. PED? Show the formula first and then all calculations. Qs falls from 24 to 16 if P falls from 18 to 12...
consider the problem of picking a price for an economics textbook. the marginal cost of production is constant at 20
In recent decades Americans have increased their purchase of stocks of foreign base companies.
Demand in a market is found to be inelastic. Is the market necessarily an antitrust market? Is this necessarily true? If p A + t > pB , is A an antitrust market?
Why is economics considered a social science? What role does economics play in your personal and professional lives?
Illustrate what is the effect of the price increase on revenue at the YSU campus store. Calculate the price elasticity of demand for Bottom Feeder Tacos using the mid-point formula.
Which in turn depends on the animal's access to grazing which depends on the number of llamas sent to the commons.
How many major wireless phone handset manufacturers are there?
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