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Think the following assertion: We all benefit through having physicians available in case we require them. Therefore, the government should subsidize medical education.
Critique this justification of government subsidies based on an externalities argument.
Expansion and contraction are commonly utilize terms in economics and the media.
For each of the following concepts provide a definition, a complete explanation as to their significance, and a practical example.
Suppose that the software market currently has one firm operating -Microhard. What contract should be writen between the bank and Newvel?
Is it not ethical to use employee as a puppet to make money with out their consent? What are your thoughts on Adam Smith's principle of the Invisible Hand?
Explain why the following statement is false: If a firm's output is increasing and marginal cost (change in total cost divided by change in quantity) is rising, then average total cost (TC/Q) must be rising also.
What are the main differences among microeconomics and macroeconomics. What factors contributed to making that decision.
How is interest rate described? Why is there a lower present value of goods to be delivered in future? What are their respective interest rates? Illustrate the adjustments which you think will ensue.
Assume the price of the futures contract changes as shown in the following table. Enter the relevant information into the table. Show your calculations.
You can lease the similar piece of equipment, delivered and installed, for an all-in cost of $65,000 per year, for three years, payable at the beginning of each year.
The primary period had been 10 years, what would the compound growth rate have been then. What would you expect the sales to be after 16 more years.
Bassett furniture made to close all manufacturing plants in North Carolina, USA and outsource their furniture production to manufacturing plants in China.
Use the production possibilities frontier (PPF) to demonstrate economic growth.(Growth and the PPP)
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