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Most college students are under age 25. Give two explanations for this-one based on the benefits people of different ages are likely to receive from higher education and one based on the opportunity costs of a college education to students of different ages.
Explain how do the types of economics systems capitalism , socialism, and communism fall under : market , tradition, and command.
What is the opportunity cost of going to a doctor to be examined for skin cancer? Would eliminating research reduce or increase the cost of U.S. health care?
It costs $2600 to insulate a factory. Next year, the fuel savings will be $220. Every year after this, the expense of fuel is expected to increase by the rate g.
Gurgling Springs, Corporation, is a bottler of natural spring, is a bottler of natural springs water distributed throughout New England states. Five-gallon containers of GSI spring water are regionally promoted & distributed through grocery chains.
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on t..
Illustrate what do you think would be the effect of increases/decreases in the dollar's exchange value on the firm's profitability.
Ceteris paribus, Diet Cola Brand X and Diet Cola Brand Y are substitutes in consumption. The price of Diet Cola Brand Y falls. a. What happens to the demand for Diet Cola Brand X? b. What happens to the demand for Diet Cola Brand Y?
Perry is a freshman, he estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $30000 this year. He expects these costs to rise about $1500 each year while he is in college.
The economy will contract or shrink if leakages exceed injections. Are you agree with this statement.
Some people have suggested that forced population control is an efficient means of reducing the Tragedy of the Commons associated with our clean air and water resources. Provide an argument that would support this theory, and also an argument that..
Plot aggregate demand and long run aggregate supply curves. Show aggregate demand schedule.
If people expected that a tax cut was temporary, then this fiscal policy's effect on the economy will tend to be, When the federal government uses taxation and spending actions to stimulate the economy it is conducting,What combination would most li..
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