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1. Respond to the following question with three well-composed paragraphs:
Does the fact that something is abundant mean it is not scarce in the economic sense? Why or why not?
2. Respond to the following question in three well-composed paragraphs: In what ways are the bowed-out shape of the production possibilities curve and the law of increasing opportunity cost related?
1. explain what effect an expansionary fiscal policy would have on the price level and real gdp starting from full
Motivation (Why are you doing this study? To get clarification on whether the current policy in place is optimal choice) Brief (conflicting theory (ricardian and Keynesian)
If a cinema could sell all its seats to adults in the evenings at the end of the week, but only a few on Mondays and Tuesdays, what price discrimination policy would you recommend to the cinema in order for it to maximise its weekly revenue?
Is government intervention needed for our economy to run well? Why or why not? Please write a 2 page double spaced paper using APA formatting.
What feature in this example leads to the result that you don't need to know the amount of taxes collected by the government to find the equilibrium?
Businesses can use a number of strategies to increase their market share and gain a competitive advantage. Discuss some legal or illegal strategies used by businesses to increase their profitability.
Elucidate price every ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs
Clothing co. sells 30,000 units of blazers at £4.80 per unit in 2012, and 36,000 units of trousers at £6.00 per unit in 2013. (a) Calculate the following values for trousers for 2013 with 2012 as the base year:
What are the shortcomings of GDP deflator and CPI as measures of inflation? What are the effects of inaccuracy in measurement?
Explain who would the main beneficiaries be of tying Social Security
Sp represents personal savings. This money does not go into the economy. So why is it counted in this formula?
Suppose an economy in which customers expenditure is represented through the following equation, Determine the equilibrium level of income
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