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Nudge theory is mainly concerned with the design of choices which influence the decisions we make. According to the theory, what factors should we consider when designing choices?
Compared to monopoly, perfect competition has ___ prices, ___ output and ___ barriers to entry.
Discuss the implications of the outsourcing of labor for the nation as a whole, and see if you can find an example to cite within the region, where a company or factory has shifted production to Asia or elsewhere overseas.
Consider two countries (Home and Foreign) that produce goods 1 (with labor and capital) and 2 (with labor and land) according to the production functions described in problems 2 and 3. Initially, both countries have the same supply of labor (100 unit..
Write the regression equation. 2. Interpret the regression constant and regression coefficient, 3. Forecast a value for the dependent variable,4. Test the significant of the regression coefficient at an alpha level of .05, 5.Test the overall signific..
In the United States, the distribution of income is more equal than the distribution of wealth. Explain this idea and address how reducing inequality could be a macroeconomic goal. Finally, what insights would Marx provide on understanding why inequa..
If thousands of consumers begin buying MP3 players, illustrate what will take place to provide as a result.
Suppose that the price of IPATH increases by 5%,at the same time the price of laptops falls by 3% and income elasticity increases by 2%.
Candice can make 5 units of food per day if she devotes all of her time to food production. She can make 10 units of clothing if she spends the whole day at clothing production. Now suppose a trading ship visits the island each day and offers to buy ..
Why and under what situation should a company continue to operate when getting negative economic profits
When your income goes up to $50,000 from $40,000, demand for Scotch Whiskey increases from 500 to 600. Calculate income elasticity of demand.
How can makers of flat-panel TVs earn economic profits during the first few months after the introduction of new models? What economic forces result in the dissipation of economic profits earned by manufacturers of flat-panel TVs?
What happens to investment in the long run? How do you know? What will be the long-run effect of this change in saving/investment? That is, what will be the effect on K*/N and Y*/N? Explain and illustrate using the Solow model of chapters 10 and 11. ..
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