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You have been employed as an economist to advise the Department of Health and the Federal Government about the following issue. The minister has argued that raising the tax on alcohol is the most effective way to reduce alcohol abuse in our society. Do you agree or disagree? Explain why or why not.
what is the meaning of the credit multiplier in the monetary sector
Which of the following changes to fiscal stimulus package of 2009 for $862 billion (under the bill called American Recovery and Reinvestment Act of 2009) would have a larger overall impact on AD Explain your answer in a paragraph or two with credi..
1. Briefly describe cost-benefit analysis. Demonstrate understanding by applying the concept to an assessment of an immunization program. 2. Describe a national model of universal healthcare coverage. Compare the model's methods of funding for he..
Elucidate the liquidity trap is presently stopping the Japanese economy from recovering.
Which of the following is consistent with the law of supply? a) As the price of calculators falls, the supply of calculators increases, ceteris paribus.
Nicholas had $9 to spend on popcorn and soda at the movies last month. Popcorn costs $3 a bucket and soda $1 a glass. He bought 2 buckets of popcorn and 3 glasses of soda. Draw his budget constraint and show his opportunity set and equilibrium qua..
An online store that has been successfully growing on its initial angel investment and revenues wants to invest $5 million to expand the business.
How do you think barriers to entry and product homogeneity affect the competitive nature of industries? For example, why do some agricultural products, such as wheat and soybeans, tend to fit the definition of perfectly competitive markets more th..
Write a short paper on Economic growth, Inflation and Unemployment rate. Your topic can be more specific than the topics listed above. An example is "high unemployment rates for minorities in metropolitan areas."
A manager at the plant observes, "Although the last 3,000 cell phones we produced and sold increased our revenue by $6,000 and our costs by $6,700, we are still making an overall profit of $5,000 per week so I think we're on the right track. We ar..
Analyze the roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita, and how governments can contribute, or discourage long run growth through their policies a..
A firm uses a single plan with costs C = 160 + 16Q + .1Q 2 and faces the price equation P = 96 - .4Q. The firm's production manager claims that the firm's average cost of production is minimized at an output of 40 units.
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