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1. Do you think that people who “live beyond their means” display a character flaw by borrowing? What about a government that fails to confine its expenditures to the amount of its tax receipts?
2. Describe what is meant by intangible wealth and is it important in an economy?
Teresa is a civil engineer who uses her automobile for business. Teresa drove her automobile a total of 14,960 miles during 2015, of which 85 percent was business mileage. The actual cost of gasoline, oil, depreciation, repairs, and insurance for the..
q1. suppose demand function for good x is estimated to be qx 8000 - 400px 200py 0.5inbspi average income px price
Think of some of your favorite brands. Do you know where they come from? Where and how are they made or provided? Do you think knowing these answers would affect your perceptions of quality or satisfaction? could they make?
Which of the following is human capital? One of the Ten Principles of Economics in Chapter 1 is that people face tradeoffs. The growth that arises from capital accumulation is not a free lunch. It requires that society. Other things the same, a count..
What if the government needs to purchase a single, large piece of property in order to provide a public good, say, a satellitetracking station? There is only one private owner with whom to deal. And his property is the only one that is suitable for t..
Suppose that, the economy initially at full-employment, the cantral bank increases the money supply. b. How are output and unemployment connected?
q. 1. last year president obama proposed a job creation program that included a payroll tax cut? using economic theory
The aggregate supply curve shifts is
Which of the following would increase the total amount of trade in the world? when the value of exports exceed the value of imports then: suppose economic stability in the US increases. this will tend to cause which of the following to occur? all of ..
You are an economic advisor to the Treasurer of the United States. Congress is considering increasing the sales tax on gasoline by $.05 per gallon. Last year motorists purchased 15 million gallons of gas per month. The legislature has stated that the..
There is difficulty in confronting trade-offs between environmental preservation and other economic and social activities. The longer we defer decisions, the more stark the trade-offs. Would these resources continue to exist if we continue our curren..
Which of the following refers to business cycles?
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