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1. All modern industrial states in the world have a socialized medical system, except south africa and the united states. Why do you think that is? Should the united states adopt a socialized medical system? Why, or why not? Why is economic growth and development a goal of virtually all notations?
2. It has been suggested that different nation's conception of what constitutes an equitable, fair or just distribution of income is what primarily differentiates the degree to which government is involved in their economies. so you agree or disagree? why?
3. What impact will an appreciation of the dollar have on the relative price of foreign goods to Americans, and the relative price American-made products to foreigners? what will likely happen to America’s trade deficit?
In what conditions will an increase in the price of a product lead to a reduction in total spending for that production.
q.in this problem we consider the differences between the competitive monopoly and cournot equilibria under the same
The price elasticity of demand for mopeds, in absolute value, is 0.5, by what percentage will the quantity of mopeds demanded increase if the prices fall by 10%?
Imagine a firm with the same cost structure but in each of the four market structures: Competitive, Monopolistically Competitive, Oligopoly, and a Monopoly. Using the concepts of consumer surplus and producer surplus, explain the long run outcome in ..
Suppose that you were an industry analyst trying to determine if the leading firms in the automobile manufacturing industry are playing a tit-for-tat pricing game. What real world data would you want to examine? What would you consider to be evidence..
Illustrate what would be the pes0-dollar exchange rate be if purchasing-power parity holds. If a monetary expansion caused all prices in Mexico to double.
The coach wishes to Conclude how to assign four swimmers to the four different strokes to minimize the sum of the corresponding best times.
If government imposes a $5 specific tax to be collected from sellers, what is the price consumers will pay. Explain how much tax revenue is collected.
Suppose the services of a road are subject to congestion after 50,000 vehicles per hour enter the road. Assume that it is feasible to price road services on an hourly basis. Create a graph similar to the one in Figure 4.2 of the textbook to show how ..
Suppose the price of good 1 is $2, and the price of good 2 is $1. Derive Pete’s demand function for good 1 (as a function of income). Is good 1 normal for Pete? How about good 2? Plot the Engel curve for goods 1 and 2 (with income on the horizontal a..
Its terminal salvage value will be $23,000, with annual operating costs of $7,500 for labor and $2,500 for maintenance. The company's minimum attractive rate of return is 18%.
Graph the production possibilities frontier over one day for this restaurant. In the graph, you must identify the points where transfer of a worker from one job to another starts to take place, by showing the coordinates of the points.
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