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Does the democratic political process provide politicians with a strong incentive to spend tax funds wisely and control the growth of government debt?
The quantity theory of money states that the money supply (M), velocity of money (V), price level (P), and real GDP (Y) are related by the equation . According to this equation, if velocity and real GDP are constant and the Federal Reserve decreases ..
Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than that of Neanderthals
An apartment owner has contracted for lawn mowing services for a number of apartment complexes he owns.
Suppose the demand curve for a product is represented by a typical downward-sloping curve. Now suppose that the demand for this product increases. Which of the following statements accurately predicts the resulting increase in price?
Using a suitable graph explain how the short run equilibrium quantity and price are determined.
Suppose the firm chooses this input combination. What is the firm’s short run cost function? What are the firm’s fixed costs? What are the firm’s variable costs?
Identify a good or service that you've purchased in the past week. Identify a substitute for that good or service.
A Monopoly firm faces the following demand curve: P=200-0.5Q Where Q is the output and P is price in dollars. The firm's total cost function is given by TC=20,000 + 40Q 1. What is the level of production? 2. What is the price monopolist should charge..
Category Amount:: Durable Goods $1,000, Non-Durable Goods 2,500, Services 7,000,Fixed Investment 1,800, Changes to Business Inventory 35, Investment in Stocks & Bonds 5,500, Federal Government Purchases 1,200. Using the above table determine the amou..
According to a study, the price elasticity of clothing in the United States is 0.6, and the income elasticity is 1.4. Would you suggest that the ABC clothing company cut its price to increase its revenue?
Discuss and graphically illustrate the welfare (Pareto Efficiency) implications of the above market structures. Can governmental intervention improve welfare? Can governmental intervention be harmful in some special cases?
How would your productivity in completing coursework be measured? Has your productivity changed since you began college? What caused the productivity changes? How could you increase productivity further?
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