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Arrow Impossibility theorem states that a social choice function satisfying certain basic properties does not generally exist. What is the importance of this theory for public theory?
1. Why is the production of a combination of goods that is located inside the production possibilities curve considered to be inefficient 2. How can there be gains from trade even when total of production goods and service doesn't change 3. Why does..
How can this relate to ones life in regards to economics and Purposeful Behavior
the manager of global opportunities for a U.S. manufacturer, who is considering expanding sales into Europe. Your market research has identified three potential market opportunities: England, France, and Germany.
Draw an Edgeworth box with B's consumption measured from the upper right- hand corner of the box. On this diagram, mark the initial endowment, and label it e. Use red ink to draw A's indifference curve that passes through her initial endowment...
assume that the low-calorie frozen microwavable food company from assignments 1 and 2 wants to expand and has to make
Suppose the market for hospital outpatient treatment is in equilibrium when a price ceiling is set below the equilibrium price. What do you expect to happen?
Price is constant or given to the individual firm selling in a purely competitive market - most important pricing strategy for a perfectly competitive firm
What was the rate of inflation for the month? How does that rate of inflation compare with the rate in the previous month?
Physicians who accept assignment on their Medicare patients
The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, like obesity and heart disease. Answer the following: in 600-800 words
According to the law of comparative advantage, what should be the distinguishing characteristics of the goods a nation produces?
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