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The population of Ectenia is 100 people: 40 work full-time, 20 work half-time but would prefer to work full-time, 10 are looking for a job, 10 would like to work but are so discouraged they have given up looking, 10 are not interested in working because they are full-time students, and 10 are retired.
What is the number of unemployed?
When negative externalities are present, it means that: All externalities: The distribution of surplus received from a subsidy offered in a market where a positive externality is present depends on: Entitlement spending:
Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them?
What did you learn? Why is it important? How do the Economics concepts we just covered impact the economy, you and your family, your friends and your employer? 1. Select the top ten (10) most important ideas / concepts you learned in chapters 3 & 19 ..
Suppose that the Fed conducts an open-market purchase of $1,500 in securities from the nonbank public. The Fed pays for these securities using currency, which the nonbank public holds in the form of cash. Show how this transaction affects the liabili..
Give two examples of externalities connected with consumption and saving that can be used in arguing for policies aimed at increasing U.S. personal saving. Explain why they can be used that way. Explain what a traditional I.R.A. is. Explain how it in..
Suppose that marginal propensity to save is equal to 0.25, and the government increases its spending by $200 billion. This new increase in spending is financed by a fresh increase in taxes equal to $200 billion. As a result of this, GDP will:
Assuming that the marginal cost is zero to provide the rides to those in attendance, what is the best pay-per-ride price
demand p30-2qsupply p4qequilibrium priceequilibrium quantityown price elasticity of demand equlilbriumconsumer
If you were starting a soap business (laundry soap), what strategy would you use to compete with Procter & Gamble and Clorox ? How would you reach your target market? How and where would you advertise? We talk about the power of word of mouth-how do ..
Demonstrate that inflation is always a monetary phenomenon in the long-run, and explain why it might not always be a monetary phenomenon in the short-run.
The market for physiotherapists is competitive. Chiropractic services and physiotherapy services are substitutes. Currently the price per visit is $40 and the quantity utilized is 30,000 visits annually. Physiotherapists face stiff competition from c..
q.a consumer who conforms to the von neumann morgenstern axioms is faced with four situations a b c d. he prefers a to
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