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Explain how the market for corn would be affected if ethanol, a corn derivative, was used to fuel cars in the United States. How would the market be affected if a new technology caused corn farming to be more efficient?
Globalization is becoming very important in economic discussions. While some politicians favor protectionist policies because they feel these policies protect domestic producers, others claim free trade increases economic activity and has advantag..
Which of the following observations is true of the federal budget between 1960 and 2010? A)The federal budget was in deficit in the early 1960s
Is there a BOP equilibrium or a BOP deficit/surplus.What is the equilibrium level of GDP and the interest rate.
second-degree price discrimination is also known asblock rate setting.captures all consumer surplus.sets a different
The bank issues a letter of credit to one of its corporate clients. What is the immediate impact on the equity ratio? What is the immediate impact on the equity ratio desired by the bank's management?
what is the costbenefit approach that a typical economist takes to analyze regulations? what are the goals of taxation?
the elasticity of demand for home computers is -2.5 the elasticity of demand for business computers is -.90 and the
the demand function for einstein bagels has been estimated as followsqx -15.87 - 40.73px 84.17py 0.55axwhere qx
What kind of market structure exists for the oil producers (i.e. the ones who pull it out of the ground and ship and sell it as crude oil)? What does this market structure tell us about the pricing
Suppose the market demand for pizza is given by Qd = 300 - 20P and the market supply for pizza is given by , where (per pizza): Qs = 20P - 100
given an mpc of .8 if the equilibrium level of aggregate expenditure is 80 billion and there is a reduction in
1.product meansa all the services needed with a physical good.b a physical good with all its related services.c the
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