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Which of the following represents investment, in the sense that economists use the word?
A) A consumer buys shares of Kellogs
B) A consumer buys a U.S. Treasury Bond
C) A professional dancer practices at home
D) The federal government builds a highway
E) A consumer develops a cheap way to turn plastic bags into vodka
Make sure that you consider two cases. In the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.
Which of the following represents the consensus among most economists today with respect to the management of unemployment?
Discuss why commercial labor norms are superior to subsistence labor norms when one needs to create wealth.
Some people think leadership is a born ability. Some think leadership cannot be learned and Some think leadership is the production of a need or challenge. What do you think?
Allied Electrons must purchase a new automatic soldering machine to meet increased demand for its electronic goods.
the set of efficient trades these individuals would rationally make. One of the points on the set of efficient trades you illustrated in your diagram will be a competitive equilibrium.
Identification of the firm involved and identification of the appropriate market structure in which the firm is or will do business.
Because the U.S. postal service is a monopoly and Congress sets postal prices through legislation, market forces do not determine stamp prices. New York City government auctions taxi medallions that give the right to transport passengers by taxi. Bec..
When would it make sense for a factory that is losing money to remain in operation
At the end of a projects life, an asset will be disposed. The projects cash flow statement will show a small gains tax credit (positive cash flow). Which of these statements must be true?
Why is the unrestricted entry of new firms to all markets necessary to assure the efficient allocation of resources in the long run?
Define economic growth, and explain what it means in terms of standards of living. Explain how a technological advance can contribute to economic growth. Why do institutions such as private property rights promote economic growth?
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