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How does economic cost work?
I know that economic cost: cost of resources used to produce a good, this includes opportunity cost. I don't understand how opportunity cost is included in that though, can someone give me an example?
Here are four individuals telling you their stories of how they became unemployed. In a multi-paragraph essay, apply the theories of unemployment to explain the type of unemployment that each of these individuals is facing and explains which of these..
US consumption expenditure includes
Why do points on a utility possibility curve represent efficient allocations of resources? Why must the utility possibility curve be downward sloping.
Why is the financial system of a country important for long-run economic growth? Firms care about their after tax return on investment projects. Consider the following data for closed economy
If excess profits are taxed away, where will oil companies get the money to fund new exploration and development of oil properties? Does it matter if these price increases are demand or supply induced?
As conditions in short term financial markets improved by summer of 2009 the Fed closed down its lending under these programs. However, throughout the next 4 years the Fed increased substantially its purchases of longer term mortgage backed securitie..
Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country.
q1. suppose the number of employed people in an economy is 121166640. the unemployment rate in this economy is 10.4
Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor?
All of the following are assumptions of the theory of comparative advantage, except
operating deficit is asking should the transportation authority increase or decrease the price per ride based upon the price elasticity of demand.
Read this article; what is the most likely way that anti-gouging laws potentially can increase social welfare? They increase the deadweight loss for those companies who practice price gouging. The laws raise these companies' costs so that it is no lo..
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