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Write a paragraph (minimum) describing new concept(s), terms or ideas that you learned from this week's reading. For the purpose of this quiz, a submission must be at least 250 words. This answer can be written in first person.
in a closed economy 10000 is to be spent anually on the maintenance of existing capital stockwhile the factor cost of
Mayor Grinch imposes a $1 tax on Zlurp. What is consumption per person now? Calculate consumer surplus, the external cost, goverment revenue, and total surplus per person.
Sketch the indifference curves and show where the "corners" are. If the prices or x and y are P_x = 5 and P_y = 1, respectively
Using an IS-LM-BOP diagram,
where there is a natural monopoly situation there may be a case for government intervention either in the form of price
The basic economic argument for greater income equality is that: an equal distribution of income is the logical outcome of any tax-transfer program. because citizens enjoy political equality, they are also entitled to economic equality.
Eve bought defective ball bearings from Saginaw Corp. Alfred was the sole shareholder of the company and also its landlord. After Alfred sold all Saginaw's assets, he withheld enough money to cover the rent that Saginaw owed him. As a result Sagin..
Describe the economic outcome of this single-price monopoly in terms of profit. Provide one supporting fact to support your response.
An engineer planning for her retirement will deposit 15 percent of her salary each year into a stock found. The initial balance in her stock found (year 0) is $5,000. If her salary this year is $120,000 (end of year 1) and she expects her salary to i..
a describle the notion of balance of trade accounting?b describe the following current accounts merchandise trade
4assume that the country of iran is a small open economy. george w. bushs inclusion of iran as a member of the axis of
How does the natural rate of unemployment change as the demographic composition of the population changes?
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