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Periodically you hear of garbage strikes. Is garbage pickup a public good? Does garbage create externalities? What should be done about it? Why does garbage collection seem to attract organized crime?
Assume an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. Illustrtae what is the growth rate of its real GDP.
Elucidate the difference between the government purchases multiplier and the net tax multiplier. If the MPC falls, what happens to the tax multiplier.
Elucidate what is the cross elasticity of demand for pipes and pipe tobacco.
The monetary policy (increases/decreases) the economies demand for goods and services, leading to (lower/higher) product prices. In the short run, the change in prices induces firms to produce (fewer/more) goods and services. This, in turn, leads ..
Suppose someone tells you that, over time, free trade is helping capitalists and harming workers. What fact would you cite to challenge this statement?
Donaldson + son has an ROA of 10 percent, a 2 percent profit margin, and a return on equity equal to 15%. What is the company's total assets turnover?
Suppose that a competitive industry is in long Run competitive equilibrium. Then the price of substitute good (in consumption) decreases. What will happen to the short run to
Increase the level of the activity if its marginal benefit exceeds its marginal cost, but reduce the level if the marginal cost exceeds the marginal benefit. Why is the level where marginal benefit equals marginal cost considered maximum satisfact..
The opportunity price of an investment is the real rate of interest, and that's why investment demand depends on the the real interest rate.
It is often suggested that the Bank of Canada try to reduce the inflation rate to zero. If we assume that velocity is constant, does this zero-inflation goal require that the rate of money growth equal zero.
Consider a homogenous-product Cournot duopoly model in which Q is the market output-Determine the best-response function for each firm. Draw a diagram showing the two best-response functions.
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
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