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According to the rational choice model, cash grants are preferred to food stamps because A. They enhance consumer choice B. Cash grants allow consumers to reach lower indifference curves C. Food is the most essential commodity D. Food would be cheaper to buy with cash
Describe how the economic theories and principles you have studied in this course have deepened your thinking about economic behavior.
A representative of the Environmental Protection Agency (EPA) wants to select samples of 5 landfills. The director has 10 landfills from which she can collect samples. How many different samples are possible?
“Pay for performance” schemes may take several forms. One is a piece rate scheme, in which there is an explicit mathematical formula that translates workers’ output into pay. (For example, a worker might be paid $5 per unit of out put he or she produ..
Suppose that the adult population is 9,918, the unemployment rate is 6% and the labor force participation rate 71%. How many people are employed?
This grazing land was for whole town and families could allow their flock of sheep to graze free of charge. Why is it that grazing land was not protected by individual families.
Explicate the difference between balanced growth strategy and unbalanced growth strategy.
Watch the video titled Fear the Boom and Bust. Using the tools of macroeconomics, identify the primary difference between the two philosophies.
q.suppose that social statistical data on two macro indicators were just released in the us. the price growth for past
For all problems consider a market containing four identical firms, each of which makes an identical product. The inverse demand for this product is P = 100?Q, where P is price and Q is aggregate output. The production costs for firms 1, 2, and 3 are..
State briefly the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly.
Draw their budget set (the combination of housing and other goods that they can afford) in housing-other goods space
A deposit of $3,000 is made in a savings account that pays 7.5 percent interest compounded annually. How much money will be available to the depositor at the end of 16 years?
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