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Question: Given the following production possibilities curve:
a. Does this production possibilities curve show increasing opportunity costs? Explain.
b. What is the opportunity cost of moving from point I to point D? Explain.
c. What is the opportunity cost of moving from point C to point B?
d. Which of points A-E is the most efficient? Explain.
MX's profit before tax was $291,100.MX's expenses included entertaining $22,120; staff travel and subsistence $41,300 anddonations to political parties of $9,440. Calculate the tax payable by MX for the year ended 30 September 2014.
Problem: What was the purpose of creating the Federal Reserve System?
Most countries abandoned the gold standard during the 1930s. What was the key event of that time period that led to the end of the gold standard What did countries want to do that the gold standard would have prevented them from doing 2) Both the..
Some nations have very different economies. In the absence of market-set prices, how are prices determined for household goods.
Your employer has just assigned you to a six-month project in Europe and you leave next week. You have just decided to list your house for sale and you have an agreement with ABC Realty to market your house. You need to appoint someone to act as ..
Do you think that the theory of human capital can be used to explain what seems like excessive pay levels for CEOs of large corporations?
When a nation experiences economic growth: - Economists generally believe that a country should specialize in the production of a good or service if:
In 2001, the U.S. government mailed rebate checks in the amount of $300 or $600 to many households. Discuss what would happen if the U.S. government did the same thing today. Would households spend the extra income or use it to pay down debts
a. What were the main causes for the financial crisis that hit the world economy in 2007- 2008 b. What caused the European debt crisis Brieáy discuss the situations in Greece, Ireland, Spain and Portugal - what are the main problems in these econo..
Suppose that Al, Beth, Carol, David, and Ed receive incomes of $500, $250, $125, $75, and $50, respectively. Create and interpret a Lorenz particular level of total income.
Assume that the MPC is 0.85 and that the Government is considering to boost the economy to increase real GDP by $2 trillion for the 2008 general elections.
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