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1. How is it possible for some people to pay negative taxes?
2. Why is it important to distinguish between deficits and debt?
3. Why may a budget surplus be considered undesirable?
Drawing on current business publications, find out some updated facts for each case that support this theme.
What were construction workers’ real earnings in 1989 stated in 1982–1984 dollars?
Consider the demand for mobile phones. Suppose the price elasticity of demand for the market as a whole is .80. A. If all mobile-phone companies simultaneously increased their prices, will total revenue in the industry increase of decrease.
Suppose that Taher's pizza business operates under competitive conditions and that his short-run production function is q=20^E. How much labor does he employ if the price of each pizza is p = $12 and the hourly wage is w0 = $6? [Hint: In this case, i..
How much have global trade and global production (gross national income) grown since World War II? What parts of the world economy have grown fastest in the last 20 years? (Be able to name some countries)
Game Theory Suppose there are only two car companies, Ford & Chevrolet. Ford believes that Chevrolet will match any price it sets, but Chevrolet too is interested in maximizing profit. Use the following price and profit data to answer the followin..
Which of the following jobs is the least likely to be filled by an economics major?
There are many brands of laundry detergent, all equally effective. Would you expect the elasticity of demand for any particular brand to be high or low? Explain.
A personal experience to explain the relationship between virtue, values, and moral concepts as they relate to one of the three theories.
Assume we have a Hecksher-Ohlin model. There are two countries (US, Mexico) producing two goods (Ipads (I), Jeans (J)). Assume I is relatively capital intensive in production and the Mexico is relatively capital abundant (it’s possible). Answer all o..
A consumer is willing to trade 3 units of x for 1 unit of y when she has a bundle (x, y) = (6, 5). She is also willing to trade 6 units of x for 2 units of y when she has (12, 3) bundle. She is indifferent between those two bundles. What is the shape..
q1. the marketplace for gilders is primarily competitive and the market demand is p 315 - 0.6qd. the mutual marginal
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