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Define the two phrases/terms and then explain the relationship (similar and difference) between them. (!!!!intermediate economic!!!!)
1. Comparative Statics and Constrained Optimization
2. Pareto Optimality and Potential Pareto Improvement
3. Marginal rate of substitution and the Price ratio
4. Transitivity and Monotonicity
5. Indifference curves and Utility functions
6. Price offer curve and Income offer curve
7. Engel curve and Demand curve
Elucidate the nature of Keynesian tax cuts under Kennedy and Supply-Side tax cuts under Reagan.
Oligopoly is a common form of big business in America. Automobiles, soft drinks, fast food franchises, cigarettes, beer, and cell phone services all fall into the category of oligopoly.
Explain how our allocation of time resembles the way the nation or other firms allocate scarce resources (land, Labor, Capital and Entrepreneurship
Over the past few years there has been ongoing debate in Australia about public funding for (primary and secondary) school students.
Different races now or likely to be in workforce of the future depends on the US populations racial demographic changes.
Organization where the market demand is given by QD = 1,500 - 40P, in the long-run equilibrium there will how many firms.
Assume that Jimmy Cash has $3,100 in his checking account at Folsom Bank and uses his checking account card to withdraw $310 of cash from the bank's ATM machine.
Utilizing Starbucks as the organization, please help identify the market structure of the organization. Evaluate the effectiveness of this structure for the organization.
Describe what economists mean when they say government purchases are 'exhaustive' expenditures whereas government transfer payments are 'nonexhaustive' expenditures.
If a nation desires to have stable prices (or low inflation), why not simply pass a law that prohibits firms from changing prices? Explain the pros and cons associated with this case.
which of the following fiscal policy changes would have a larger overall negative impact on ad and rgdp? explain your
directions be sure to make an electronic copy of your answer before submitting it to ashworth college for grading.
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