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An example of a positive externality is
A. Increased factory use of private sector robotics that came from government research.
B. Increased health problems from air pollution.
C. Increased business profits at a hardware store that benefited from a tornado.
D. None of the choices are correct.
Calculate national income. if there were 80 million people in this country, what would the GDP per-capita be? if all prices were to double overnight, what would happen to the values of real and nominal GDP? nominal____ real gdp____
What is the effect of the $400 increase in government spending and a $600 tax cut on the following indicators, ceteris paribus: (1) the change in output (GDP), (2) annual budget deficit, (3) in what context should the policy be used. Use a mpc of .75..
Suppose that the money demand function is (M/P)d = 800 - 50r, where r is interest rate in percent. The money supply M is 2,000 and the price level P is fixed at 5. a. Graph the supply and demand for real money balances. b. What is equilibrium interes..
lean burgers drive through receives 20 customers in every ten minutes of business time between 1200 - 100 pm during
There is currently a surplus of allowance at the price of zero. What must be true of the relative positions of the market demand and supply curves? Explain. If the EPA were to allow firms to use allowances to emit sulfur dioxide as they did in the pa..
If the value of jan's retirement portfolio increased from $210000 to 489000 over a 14 year period with no deposits made to the account over that period, what annual rate of return did she make?
q1. assume the following model of expenditure sectorsp c i g nxc 420 45yd yd y - ta tr ta 16ytr0 100i0 160g0
Determine what fiscal policy measure has a more direct impact to the economy, an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month. Explain your reasoning.
Describe how a developing/emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages. How can they benefit from trade with a poor country?
Compute the equilibrium quantity and price and Calculate the consumer and producer surplus.
Use the Keynesian-cross model to illustrate graphically the impact of an increase in taxes on the equilibrium level of income.
Illustrate what are the long run equilibrium price, quantity of a single firm and the industry output. How many firms are in the market.
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