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Why would legislators most likely ask interest groups to help shape public policy?
A because interest groups are paid to advise lawmakers about issues
B because interest groups are knowledgeable about specific issues
C because interest groups donate to their campaigns at election time
D because interest groups demand that they be heard on certain issues
Economists usually do not favor subsidies on specific products or in-kind payments to help low income people.
Madison has 5 times the marginal utility of consumption as Seth. If the government wants to achieve maximum societal happiness, should it transfer wealth from Seth to Madison?
Behavioral finance is a brand-new field in analyzing prices in the market. In fact, most of the explanations come from psychological observations of daily lives. Provide a real world example that is not mentioned in class to show that people prefer t..
Home (H) and Foreign (F) produce autos and shirts using capital (K) and labor (L). Draw a PPF-Budget Constraint-Indifference Curve diagram for each country that shows the autarky (no-trade) equilibrium, indicate what the country is producing and cons..
A pure competitive star industry consists of a large number of independent firms producing a standardized product A. determines the average cost function? Define the profit function for the company that is at an equilibrium position if we know,that t..
To enrich an experience, we can pay attention to what ways an experience is new to you, such as previously overlooked nuances in gratitude. According to Hansen, being able to access a positive mental state is NOT essential for well being and coping.
Illustrate what government assistance programs does the Census Bureau consider when calculating household income.
Tax-policy model assumes no autonomous tax.
Identify and talk about at least four companies that you regard as having characteristics listed here. Suppose you bought common stock in each of four companies identified here.
How much do you have to deposit today in order to allow 5 annual withdrawals, beginning at the end of year 8, with the first withdrawal of $1000 with subsequent withdrawals decrease at the rate of 5% over previous year’s withdrawal? The interest rate..
Suppose that Seth's income increases from $400 to $500 per week, causing Seth to increase his purchases of movies from 3 to 4. The income elasticity of movies is:
What is the unregulated competitive equilibrium. What is the unregulated monopoly equilibrium.
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