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Public Choice theory has attempted to explain, "Why Government Grows?" by applying the logic of economics (individual choice, marginal decision making, the weighing of costs and benefits, the pursuit of profitable opportunities, etc.). Compare the political scientist's view of government and economic policymaking and the Public Choice conception of politicians, bureaucrats and special interest groups in the political process. Which do you consider to be more realistic for understanding the political process, and for thinking about economic policy issues? Why?
What role should government play in controlling increases in the cost of care and the cost of health coverage What different choices do state and federal policymakers have in containing costs
Many critics however contend that the American Recovery and Reinvestment Act of 2009 were not effective at all except too much budget deficit
National defense is considered a public good because there appears to be no limits to the nonrivalry-in-consumption characteristic, and exclusion of nonpayers is impossible. Are there any other goods that so perfectly meet both public goods criter..
How much money can his bank lend out initially? How much total money supply will change eventually in the whole banking system?
marginal revenue exceeds marginal cost, marginal cost exceeds marginal revenue, total cost exceeds total revenue.
What is the present value of your wealth at the beginning of your life, what is the largest constant consumption stream you can afford and what borrowing/lending strategy you will use to accomplish b.
Long-run supply curve in a constant-cost industry is linear and shut down because it will no longer be earning a normal pro?t.
What is total U.S. government revenue from the tariff and if trade opens up, what will be the quantity of U.S. imports?
Assuming other things equal and capital and labor are fixed in quantity and using our aggregate production function and factor market diagrams, illustrate what happens to output, the real retal rate on capital, and the real wage of labor following..
Suppose the price of c increases to 2, while income remains constant and what happens to the consumption of c and h? Are c and h substitute goods, complementary goods, or neither?
Assume The Big Enchilada Restaraunt has been offered a 1 year binding lease agreement for $5200/mth on an attractive site. Before the lease is signed, what is the incremental cost per month?
Kenya is a state that is a part of the African Nation. Talk about the exchange rates and their money supply. Also write about whether or not Kenya has a promising future.
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