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Quotas and mandates reduce society's happiness
Discuss the following from an economic perspective and give numerical examples:
Quotas and mandates reduce society's happiness by causing too few resources to flow to an industry where the government has intervened.
Give the utility function U(x, y) = (x-4) 1/2 (y-2)- 1/2 , what is the minimum income needed to ensure positive utility?
What is the expenditure multiplier-explain this briefly? What does it multiply? When an economy is in equilibrium what the size of unplanned inventories is?
Elucidate what is the residual demand elasticity facing one firm at the competitive equilibrium.
Explain how does the money multiplier differ when currency holdings are zero, compared to when currency holdings are greater than zero.
Illustrate what is the impact of these ratios on the level of new money that can be created given a $100,000 cash deposit into the banking system.
Explain why this strategy may, in fact, be rational. Also, identify at least two other strategies that might permit Argyle to earn higher profits.
Compute the cross elasticity of demand among kingston's product and the rival product.
What is the profit-maximizing price-output combination and what are the levels of the profits and consumer surplus at that point? What is Dead-weight-loss?
During a recession the government causally raise government spending
Explicidate key macroeconomic variables which affect your industry.
Discuss the impact of these relations in the economies of Europe, China, and the U.S. Create a table in Microsoft Word to present the data and your analysis based on the data.
A contry's currency will depreciate if its inflation rate is less than that of its trading partners.
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