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Explain the multiplier intuitively. Why is it that an increase in Consumption of $100 raises output/income by more than $100? Why is the effect of the multiplier finite?
explain why the facility layout and the work system design is important? how does it impact the business and workforce?
1. Describe both quotas and tariffs. How do they impact domestic prices and deadweight loss How does an import quota differ from an equivalent tariff What is best for a nation as a whole: a tariff, a quota, or free trade
According to chapter 16, which deals with fiscal policy, a tax reduction can be utilized as an expansionary fiscal policy tool to expand the economy. Do you believe in a tax reduction for large corporations?
Select three goods or services that would have important differences in demand and price elasticities of demand for Christians as compared to non-Christians and describe why these differences would occur and what dissimilarity it would make to market..
Fairfield began a living wage that paid all landscapers in the city a wage above the current market wage. Vacaville, a neighboring city, did not begin a living wage. Below are employment date for the year before and the year after the living wage ..
to save on gasoline expenses edith and mathew agreed to carpool together for traveling to and from work. edith
in 1931 pepsi was almost broke. the great depression hit it hard and coke had most of the duopoly market for soft
how can we measure the nations economic performance? describe what factors make it difficult to compute gdp accurately?
A country is described by the Solow Model with a production function y = k1/2 where y is output per worker and k is capital per worker. Now suppose that the fraction of output invested (or saved) is 50%.
Had you known before you received your Britney ticket yesterday that Pink Floyd would be coming, you definitely would have bought a ticket to see them, not her.
Describe the relation between marginal and average costs. Describe the relation between marginal and average fixed costs and between marginal and average variable costs and what best accounts for the saying "Too many cooks spoil the broth?"
Draw the game as a table. What are the Nash equilibria of this game? How does this game differ from a prisoner's dilemma, and how can participants achieve the optimal (both hunt Stag) outcome?
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