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What can a government do to raise the living standard of an economy in the long term?
-Encourage firms to adopt the best technology in the production process.-Adopt measures to attract foreign investments in the economy.-Increase the period of free education for all its residents from nine years to 2 years.
Assume you are given the following information about a particular industry, Determine the equilibrium price, the equilibrium quantity, output supplied by the firm, and the profit of each firm.
Assume you are an aid to a government official deciding on some recently proposed excise tax on the welfare of her constituents.
Use the following information to answer following questions, Compute the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices increase?
Bush proposed for government expenditures in the case of a recessionary gap? What is the effect of his policies on the federal government budget?
Explain how each relates to health care. I have the definitions but i am unsure how they relate to health care.
If gross investment is not large enough to replace capital that depreciates in particular year, is net investment greater or less than zero? What happens to our production possibilities?
Considering factors such as food supplies, population growth, water availability and renewable energy, compare the marginal costs and the marginal benefits of global warming and describe what an ‘environmentally sustainable' economy would be.
you are given the following information. the current dollar-pound exchange rate is 2 dollar per pound. A u.s. basket that costs 100dollar would cost 120 dollar in the UK. For the next year , the fed is predicted to keep US inflation at 2% and the ..
Calculating elasticity: Draw a set of coordinate axes on a piece of graph paper. Label horizontal axixs from 0-50 units and vertical axis from $0- $20 per unit. Draw a demand curve that intersects the vertical axis at $10 and the horizontal axis a..
Suppose elasticity is -2,price is $10, and marginal cost is $8, should you raise or lower price?
while a dairy farmer has a horizontal demand curve? What other suppliers might face a downward-sloping demand curve and what implications does this have for their advertising budget as compared to suppliers with horizontal demand curves?
Suppose government increases autonomous taxes and defence expenditure by the same amount. Will real GDP increase in the short run? Why?
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