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Which of the following is an example of a fiscal policy? Lowering the interest rate on loans to corporations. Allowing workers to bargain collectively. Increasing taxes to pay for greater military spending. Setting up an unemployment insurance program.
Determine the conditions of perfect competition. Name each and describe with an example how the real markets can violate one of more of these conditions.
Calculate the real GDP in every year, assuming that the nominal GDP was $559 billion in the base year, $577 billion in year one, and $605 billion in year two,
Suppose US and Russia produce only two goods meat and potatoes in a week's time according to the table below which shows their production possibilities. Meats(lbs) Potatoes (lbs) Who has absolute advantage in each product? Who has comparative..
Illustrate what is offshoring of white-collar service jobs, and how does it relate to international trade. Why has it recently increased.
Show the price and output that maximizes profit in this graph. Then use math to calculate the price and output that will maximize the firm's profit. Calculate your profits at this price and output level.
Assuming that there are only two goods, and the other good (food) is capital intensive, show the equilibrium points of production and consumption in ALFA, before and after trade.
Discuss and explain the relationship between the level of GDP and economic well-being. What factors of well-being are missing from the GDP?
Utilizing a supply and demand analysis, what would placing rent controls due to the number of apartments accessible for low-income individual.
Studies indicate that the price elasticity of demand for cigarettes is about .4. If a pack of cigarettes currently costs $2, and the government wants to reduce smoking by 20 percent, by how much should it increase its price?
When McDonald's Corp. reduced the price of its Big Mac by 75 percent if customers also purchased-Using your knowledge of game theory, what do you thank disrupted McDonald's plans?
Assume a indiidual has $8 to spend only on apples and bananas.
Why it is important that prices are flexible in our economy? What happens if the government controlled the level of prices, how would this influence prices? How can you relate the law of demand to a recent purchase that you have had to make?
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