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Kept within sustainable bounds, trade deficits are not considered harmful by international economists. Why? To answer, define the trade balance equation of a country, and explain the economic justification of a country’s trade deficit.
The Acmeville Metropolitan Bus Service currently charges $0.67 for an all-day ticket, and is used by an average of 513 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of..
According to the rational expectations hypothesis, unemployment
What is organizational structure and what are organizational controls? What are the differences between strategic controls and financial controls? What is the importance of these differences?
The Wilson Company's marketing manager has determined that the price elasticity of demand for its products equals.
Compute the short- run and long- run results, explain the changes in the price and in the number of firms.
Do you agree with this statement? Could you make an argument that these markets are not competitive?
q1. on april 1 1996 taco bell the fast-food chain ran a full-page as in the new york times with this news in an effort
Assume that in the short-run, wages and prices are flexible enough to adjust, that at full employment, firms and workers are able to negotiate lower nominal wages, which will shift the short run aggregate supply rightward. Also, keep in mind that the..
Discuss the factors that cause the average income of nonwhites to be lower than the average income of whites. Explain how welfare creates work disincentives. Explain the changes in welfare caused by the "Personal Responsibility and Work Reconciliatio..
Draw a supply and demand graph for both the short run and long run money markets and explain the impact of an increase in the money supply on each market.
If government imposes a $5 specific tax to be collected from sellers, what is the price consumers will pay. Explain how much tax revenue is collected.
According to the World Bank’s Mind, Society, and Behavior, which two economists are associated with the removal of psychological factors from economics generally and from “making predictions about market outcomes” in particular?
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