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Describe the primary point of view that you use to guide your thinking. What are the strengths and weaknesses of your view? In addition, describe a time when you, someone you know, or someone from a story you have seen experienced activated ignorance. What was the event, and how did that person display activated ignorance?
q.a firm sells its production in a perfectly competitive market at a fixed cost of 10 per unit. it buys 2 inputs l as
If factor-intensity reversals were indeed prevalent in the real world, how might this fact be used to explain the Leontief paradox? If this explained the paradox, would it suggest that any given U.S. trading partner stood a better chance of conformin..
q1. gerry receives a raise from 10 per hour to 12.50 per hour. after the raise gerry increase the number of channels in
A storm destroys half the fava bean crop. Is this event more likely to hurt fava bean farmers if the demand for fava beans is very elastic or very inelastic?
Suppose that a producer raises the price of a good from $8 to $15, and the quantity sold drops from 250 to 40 units. Is the demand for the good is elastic or inelastic?
Assume a one-time decrease in population, possibly caused by an onset of disease or a sudden out-migration.
What will be the final level of production for the market (after a Cournot equilibrium is reached)? How much is produced by each firm?
The U.S. money supply (M1) at the beginning of 2000 was $1,148 billion broken down as follows: $523 billion in currency, $8 billion in traveler's checks, and $616 billion in checking deposits. Suppose the Fed decide to reduce the money supply by incr..
q.what are your predictions for the economy of thrifty peg based on the following policy scenario1. suppose the
What does it mean that marginal product of capital is decreasing? show the marginal products are diminishing in the cobb-douglas case. Determination of steady state capital per worker consider the steady state capital per worker k*, how is k* affecte..
Assume that you recently graduated and landed a job as a financial planner with Cicero Services, an investment advisory company. Your first client recently inherited some assets and has asked you to evaluate them. The client presently owns a bond por..
Milton Freedman, the champion of the Monetarists School of Economics, basically proved that it was monetary theory, changes in the money supply, that was the only way to affect the economy. Pump priming was false.
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