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Government support of public education
1. Why does the government support public education when the private sector also provides this service? Are these reasons the same as those for government providing services such as police protection and the National Weather Service?
2. What is the basic thrust of Keynesian demand-side policies? Why was economic policy based on Keynes' ideas effective in promoting prosperity in the 1960's? Why was this policy less effective in the 1970's?
3. Explain why labor productivity is important but not the only key to improvement in living standards.
How would you characterize the market for crude oil production? Explain your answer. Explain the long run profit behaviour of firms in this kind of industry.
Now assume the government increases spending, reducing the country's savings rate based upon this change. What is the effect on the government spending on the economy.
Explain why the authors cite ethnically segmented markets as a factor that holds back private sector development and building entrepreneurial capacity.
The entire satisfaction consumer gets from consuming a good or service is________ utility, but the extra or additional satisfaction that a consumer gets from a good or service is ________ utility.
According to the neo-classical economic theory, the market is a natural, self-regulating system that tends automatically towards the full employment equilibrium of supply and demand.
Explain why do people who work at investment banks earn so much. What is the justification for capital requirements imposed by bank regulators.
Estimate the relationship among inflation,unemployment and business cycle on the industry.
Illustrate what methods does Rakuten use to make it easy for a small or medium size business to use its shopping platform.
As compared to high Japanese inflation may result in an increase in the supply of yen for sale
Draw a correctly labeled loanable funds graph that shows what happens to real interest rates.
Suppose the costs also benefits incur at the end of the year, should the city buy the trucks.
If the costs of one of the goods rise by 5 percent, Illustrate what will happen to the demand for the other product, holding constant the effects of all other factors?
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