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News repors from the western united states occasionally report incidents of cattle ranchers slaughtering a large number of newborn calves and burying them in mass graves rather than transporting them to markets. explain what economic factors may influence such behavior?
Explain how are the gains from trade shared among the parties to a trade. Is it possible for specialization and trade to increase total output of traded goods.
Suppose that there are two products: soda along with clothing. Both Brazil and the United States produce each product.
Given the following annual information about a hypothetical country, answer questions a through d
Find out the equilibrium level of GDP. Next Find out the multiplier for government purchases also fixed taxes.
Illustrate what do economists mean when they say that private goods tend to be produced in the right amounts.
If overseas producers can sell in the domestic market Illustrate what is the equilibrium price. Illustrate what is the equilibrium quantity.
What is the deadweight loss if buyers, instead of vendors, are required to pay the tax of $4 for each unit of the good sold.
sofa manufacturer presently is using 50 workers also 30 machines to produce 5,000 sofas a day.
Illustrate what is the smallest value of x that would be sucient to make Buck want to invest in the pinball palace rather than have a wealth of $24,000 with certainty.
In 2002 business week listed apple Calculator as having one of the worst board of directors: founder Steve jobs owns just 2 shares in the company.
Suppose the city eliminates its restrictions on books stores, allowing additional stores to enter the marketplace.
An open economy with a fixed exchange rate follow a money growth rule successfully if capital moved freely across its borders..
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