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Occupational licensing can accomplish which of the following?
(a) allows consumers to differentiate quality of services
(b) protects people from others purchasing substandard quality
(c) protects consumers from making an error of judgment regarding quality of service.
(d) all of the above
Do you think this particular budget cutting policy helpful to curb the growing budget deficit.
What are the major categories of “investment” expenditure in the GDP accounts? What are “transfer” expenditures of governments? Why aren’t they included as part of “government spending” in calculating GDP? Why aren’t “intermediate” goods purchases by..
Discuss what interests you the most about econometrics and state why.
The Wall Street Journal's experience after an increased its price to 75 cents. Illustrate what implicit assumptions are the publisher and the analyst making about the price elasticity.
Suppose Belgium produces only two goods, chocolate and lace. If Belgium has a comparative advantage in lace, a move toward free trade will
One kind of gain from specialization is that
If the price of apples rises and the quantity of apples exchanged decreases, then we know that there cannot have been a: decrease in supply with no change in demand.
How company is the low-cost provider of these boxes with fixed cost of $480,000 per year, plus variable cost of $30.00 for each box. Annual demand and marginal revenue functions for the company are.
Illustare what is the maximum amount of new money that can be created in the banking system as a result of this deposit.
Assuming Mr. Delaney decides to keep the body shop, and the consultant reports that it is feasible to raise prices, should Mr. Delaney do so. If he does, illustrate what general guide can you suggest as to how much price should be increased.
Aquilonia has decided to end its policy of not trading with the rest of the world. When it ends its trade restrictions, it discovers that it is importing incense, exporting steel, and neither importing nor exporting rugs.
What happens to price of a bond that pays a fixed percent of face value every year when interest rates in economy increase.
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