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Using the concept of opportunity cost, explain why in developed countries with higher average incomes there is more support for costly environmental controls which raise goods on goods than in poorer countries.
Show such data graphically. Upon what specific assumptions is this production possibilities curve based? If the economy is at point C, what is the cost of one more automobile? Of one more forklift? Describe how the production possibi..
Describe the implications of this economic forecast and the income elasticity of demand for the pricing strategy.
Price ceiling sets a maximum not illegal value that a seller may charge, typically placed below equilibrium. What do you think of a government placing a price ceiling next time gasoline prices rise above $4.00 a gallon?
Elucidate what should the US Congress also the Federal Reserve do about it?
Explain how can federal government spending crowd out private sector investment and consumption.
From the two businesses perspectives, the two products are indistinguishable. The large investment required to build production facilities prohibits other firms from entering this market, and existing firms operate under the assumption that the ri..
Explain how the invisible hand fights back when government try to overrule market forces with price controls.
Assume you currently earn taxable income of $100,000 per year. You are subject to an MTR of 50%. Currently, your ATR is 35%. Calculate your annual tax.
Among the advantages of technique of forecasting are ease of calculation, relatively little requirement for analytical skills, and the ability to provide the analyst
Does the structure of global economy permit poor nations to catch up with rich ones? Is the Solow model a useful framework for understanding whether poor nations tend to catch up with rich ones?
In this case there will be a cash outlay of $550,000 at the end of the first yr followed by a cash payment of $650,000 at the end of the second year.
Illustratr what is the Keynesian solution to a recession or depression. Explain how does the Keynesian multiplier work.
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