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Q1. Under Illustrate what conditions would an economy is operating inside its PPF? On its PPF? Outside its PPF?
Q2. Do kinks in budget constraints always produce non-convexities in choice sets?
Q3. In the 21st century Explain how has globalization affected trade restrictions also the development of common markets? Explain how does this trend impact international trade decisions for businesses?
Elucidate how might this allocation under allocation get resolved via the means suggested by the coase theorem.
Consider an employee who does not receive employer-based health insurance and must divide her $700 per week in after-tax income.
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
Under what conditions would firms be likely to support an industry-wide advertising ban. Please provide a few examples.
Illustrate would be the effect on D' of decreasing the variable cost per unit by 25% if the fixed costs thereby increased by 10%.
Assume that you own a 10-acre plot of land that you would like to rent out to wheat farmers.
Which characteristic of competitive markets permits society to answer the illustrate what to create question efficiently.
What would you expect to be the effect on interest rates if the Fed held the money supply constant.
In a typical day the store sells some of each type of cola, which suggests that Major League Baseball has adopted FOA because it fears that regular binding arbitration is addictive.
Will the brothers gain if they specialize. Illustrate your answer with an example.
Discuss the policies that Keynes as well as Hayek supported regarding how federal government ought to manage economy. What are differences between each school of thought.
A young physician makes $180,000 per year with an annual salary increase of 2%.
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