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The government is a one size fits all solution and at its core involves force and threats. The market is voluntary and at its core involves cooperation. Therefore the market is a more moral arrangement. Discuss. Scan the Internet for examples of human capital, and include some in your paper. Be thorough yet concise in your writing. Also, quote portions of your text that deal with this subject, and make sure that you properly cite all quotations.
Which of the following statements are true? To curb inflation and reduce the money supply the Federal Reserve can: I. Increase the discount rate II. Increase the required reserve ratio III. Decrease the discount rate IV. buy securities in the open ma..
Suppose a wage increase from $11 to $13 an hour increases the number of job applicants from 42 to 56. What is the price elasticity of labor supply?
Illustrate what is the present worth of the planned expenditures at an interst rate of 10% per year.
The initial cost of a pickup truck is $12872 and will have a salvage value of $3523 after five years. Maintenance is estimated to be a uniform gradient amount of $191 per year, with zero dollar for first year maintenance. The operation cost is estima..
Richland’s real GDP per person is $10,000, and Poorland’s real GDP per person is $5,000. However, Richland’s real GDP per person is growing at 1 percent per year, and Poorland’s is growing at 3 percent per year. Compare real GDP per person in the two..
if a country were to save more, but its domestic investment remained the same, then which of the following would rise
In a two factor, two good heckscher-ohlin context, illustrate and explain the "production effect " of growth in the labor force in a relatively capital-abundant country, other things equal
If the total cost of 20 units of a product is $20, and the total cost of 21 units is $21, then from 20 to 21 units of product the: Marginal cost equals average total cost. Marginal cost equals average variable cost
The optimal amount of capital and labor used by a firm in the production process is usually obtained by the technique of cost minimization, rather than amximizing the level of output produced. Explain why this is usually true using isoquants and an i..
Economists often assume that insurers set premiums (nearly) equal to the AFP for that plan. Is that an accurate assumption? Is a higher “load” on insurance premiums necessarily a bad thing for consumers? When might a higher load be a sign of problems..
q1. explain how do you calculate the cost index using the nominal gdp to get the real gdp in billionsq2. the ncaa
Explain what negative externalities are, and why there may be a case for government intervention to address them. Describe some of the ways to correct the negative externalities and the pros and cons of each method. Provide real life examples.
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