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What can we determine from good's income elasticity of demand? Please Identify the selections that can be verified.
1. determining if a good is a inferior good
2. determining if a good is a necessity.
3. determining if a good is a luxury.
Describe the two things that limit the precision of the Fed's control of the money supply and explain how each limits that control. Why do Federal Reserve Board of Governors have long (14 year) terms? Name three actions the Fed can take to increase t..
Illustrate what happens to official measure of GDP when air quality improves significantly in united states but there are no effects on aggregate production or on market prices of final goods and services.
Use Dr. Scott-Clayton’s testimony to answer the following questions.a. What are two lessons learned about financial aid? Explain b. What are two ways financial aid policy could be reformed in order to better serve students? Explain
The initial installed cost for a new piece of equipment is $10,000. After the equipment has been in use for 4 years, it is sold for $7,000. The company that originally owned the equipment employs a straight-line method for determining depreciation co..
Suppose that a firm's only variable input is labour. When 50 workers are used, average product of labour is 50 and marginal product of labour is 75. Wage rate is $80 and total cost of fixed input is $500. Illustrate what is average variable cost. ..
q1. converse the federal budget also relate it to principles of living in an discovery of fiscal policy. look after
Your friend tells you that in her country it is common to pay bribes to gain favor with important people Comment on both positions from a relativistic ethics point of view What do you believe and why?
Consider the following Heckscher-Ohlin model: there are two countries, America and China, two goods, high-tech manufactures and low-tech manufactures, and two factors of production, skilled labor and unskilled labor. America is skilled-labor abundant..
When the price of a cruise rises from $19,500 to 20,500, the quantity demanded decreases from $2,100 to 1,900 travelers. Use this information to calculate the chan in the total revenue of cruise providers is? ( how many?) If the demand curve for crui..
q1. compare the unemployment rate in new mexico to the national average of the past four 4 years. compare the trends in
Explain, in your own words, what a "store within a store" is. Provide 3 situations where this could work. Explain the logic behind your decisions.
Compare and contrast the long run position of this firm ( Monopolistic Competition) to that achieved in perfect competition. the effect of economic profit. the conditions of the two market structures.
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