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Q1. Americans already enjoy living standards that far exceed world averages. Do we have enough? Should we even try to produce more?
2. Explain how might the following government interventions affect a economic growth: (a) Mandatory school attendance (b) High income taxes (c) copyright and patent protection (c) political corruption.
Q2. The New York City rent stabilization law of 1969 established maximum rental rates for apartments in New York City Explain how such controls can lead to lacking, mainly in long run moreover other economic costs. Deposit disadvantages, why does rent control remain popular?
Bud Owen operates Bud's Package Store in a small college town. Bud sells six packs for off-premises consumption.
The Federal Reserve Bank of St. Louis maintains a Web page devoted to international economic trends.
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
Congresswoman Gaga represents a state in which several firms fabricate furniture. She needs to impose tariffs on all imported furniture.
Assume no change in current productivity or current labor supply in either country. What is happening to financial flows.
Explain how many units of pork will the government be forced to buy to keep the price at $2.25. How much will the government spend in total.
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
Each customer purchases their smoothie at the store where the total cost, i.e. price of smoothie plus travel cost, is the lowest.
Advantages and disadvantages of cigarette money in this prison economy in terms of these 6 criteria.
If the returns of the risky portfolio are normally distributed, what is the probability of returns being less than 29%.
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit
Explain how is the cross elasticity theory used to empirically define economic markets.
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