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One explanation for recent slower economic growth is that people have become disenchanted with prevailing emplyment requirements and have with drawn from the formal econ system. Discuss the short run and long run implications of the explanation for the aggregate economy.
one laborer can only produce either 5 unots of necessity per month or 10 units of luxury per month. On a graph draw the ppf. where does the ppf intersect on thy axis and where does the ppf intersect on the x aaxis.
The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is $5 a ride. Motorville taxicab drivers want to obtain government's permission.
Demand for sporting events is uncertain, and depends on the quality of the match, as well as on unpredictable events, like the weather. Elucidate how would you price these two events differently.
Assume that an investment is forcasted to produce the following returns: a 20% probability of a $1200 return; 50% probabilty of a $5600 return and 30% probabilty of $9500 return. What is the expected amount of return this investment will produce?
Small minimum efficient scale in assembly operations indicate high or low entry threat in the PC business
The United States simultaneously limits imports of ethanol for fuel purposes also provides incentives for the utilize of ethanol in gasoline which raise the price of ethanol by about 15 percent.
Explain how each of the following variables will be affected by proposed steps that you have identified in the first part of the discussion: money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your respo..
If a large-scale war resulted in massive destruction of physical facilities, but not loss of life
Which of the following recieves government subsidies that are in place to protect the population rather than the economic reason.
A few years ago, a construction manager earning $70,000/ year working for a regional home builder decided to open his own home building company.
What is output that should be produced to achieve economic efficiency and the value to society for correcting the externality.
If firm A produces 100 record albums and 100 video cassettes, how might firm A be made better off by shifting its output mix. Explain your reasonings clearly.
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