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Assume exports = 300, imports = 400, tax revenues = 1,100, government purchases = 1,400, private domestic saving = 900. Then the level of private domestic investment is? how do you solve?
One reason that some whales were hunted close to extinction is that no one can claim ownership of a whale until it is killed. If property rights to the whale population were established
A firm sells cups in two fake countries, Noland and Yesville. Price discrimination is illegal in Noland and in Yesville. But, the price per cup can be different in Noland than it is in Yesville. Calculate profit maximizing values for:
The classic example of opportunity cost is the costs of going to college. Illustrate the implicit opportunity cost of foregone income as well as tuition, books, etc. Think about whether room and board should be considered a cost of college. Calculate..
Choose your favorite company, and then review a press release made by that company (usually located on the company’s Web site). Include the link to the company’s press release within your primary post so that your fellow classmates can review it. Aft..
Elucidate how much does the gardener receive. How much does the customer pay. How much does the government receive as tax revenue.
Even if firms in a monopolistically competitive market collude successfully and fix price, economic profit will still be competed away if there is unrestricted entry. Explain. Will price be higher or lower under such an agreement in long-run equilibr..
Two key sources of economic growth have been due to increases in resources and increases in productivity. What factors will contribute to falling U.S. GDP growth rates into the future, and how would that impact you?
A good without any close substitutes is likely to have relatively _______? demand, because consumers cannot easily switch to a substitute good if the price of the good rises.
Why does the Federal Reserve expand and contract the money supply? What are the four ways the Federal Reserve accomplish this task? How do each of the methods accomplish the intentions of the Fed? Which method(s) is most important/desirable? Which me..
What is the significancee of this opportunity cost to the search for better technology to reduce pollution?
Elucidate what does this indicate concerning inflation expectations in Korea compared to the US.
For the following market, find the equilibrium price (P*) and quantity (Q*) The market clearing conditions are Qs=Qd=Q* and Pd=Ps=P*
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