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Economists generally dislike the restriction of trade because it:
A. encourages inefficiency
B. does not really save jobs in the short run despite its costs
C. discourages the growth of infant industries
D. is too difficult and costly to enforce
E. reduces a nation's industrial diversification
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Assume the market for a commodity is described by the demand and supply functions. Determine the equilibrium price and quantity in this market.
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A county is considering using a piece of park land for one of two alternative recreation projects.
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Calculate whole expected convenience from each restaurant option and also compare?
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If the government assigns private property rights to a common resource, then the
Participate in a discussion with your classmates regarding where you see the U.S. economy in its business cycle right now, as based on the economic concepts in the textbook. Now that we learned that the real business cycle results from fluctuations i..
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