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a) Discuss how politics is different from economics in terms of the choices people make.
b) What is the economic analysis of the role of the state in society? Include in your discussion both the allocative efficiency and redistributive roles.
c) Outline the main reasons why the nature of the state in an agricultural society may be different from that in an industrial society.
Draw a graph that shows the marginal revenue product curves of the two franchises. Make sure your axes are properly labeled. Show the equilibrium level of competitive balance and the equilibrium level of player salaries.
Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a stock of un intermediated capital worth 10 million goods. Find the tot..
Suppose without trade, country A produces and consumes 100 units of widgets at a price of $10 each. Illustrate what is the total gain or loss from trade for country A.
Describe arbitration and discuss its advantages to litigation. Describe mediation and discuss its advantages to litigation. Describe two other forms of alternate dispute resolution and discuss their advantages to litigation.
A secondary reason for a government to impose a tariff is to:
Explain which option is ultimately the most expensive and why you think it is. Explain which option is ultimately the least expensive and why you think it is.
Indicate which curve shifted (demand curve, supply curve or both) and in which direction – for each of the following situations: *The price of furniture rises as the quantity bought and sold falls. *Apartment vacancy rates increase while average mont..
The price elasticity of demand for health care is .2. This means that a 10 percent increase in price will produce a: A. 20 percent decrease in quantity demanded B. 10 percent decrease in quantity demanded C. 2 percent decrease in quantity demanded D...
In a competitive market, consider supply and demand elasticities at the point at which supply equals demand. (You may think of these curves as linear and measure slopes and elasticities in absolute values.)
Assume that you have a box with an equal number of $4, $6, $8 chips. Find the population mean and the standard deviation. Taking samples of size n = 2, find the mean of the sample means and the standard deviation of the sample means. Explain the rela..
Illustrate what is your conclusion about the claim made by the diet program
q1. megan used to work at the local pizzeria for 15000 per year but quit in order to start her own deli. to buy the
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