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Suppose the U.S. government encouraged new teachers to take jobs in under-performing schools by paying the new teachers a $20,000 bonus. These teachers would be exemplifying the economic idea that A) people are rational. B) people respond to economic incentives.
People are rational.
People respond to economic incentives.
Health officials have suggested that the spread of AIDS can be partly contained if more males use condoms.
illustrate what does this mean for the survival of small firms in the industry.
Explain how effects of rent control are very noticeable to the public in the short run, because the primary effects of rent control occur very quickly.
Suppose that the government imposed a $1 tax each time someone used an ATM. How would this tax affect output and the price level in the short and long run?
Suppose the government decides to increase taxes by $50billion and to increase transfer payments by $50 billion. Illustrate what effect would there be on aggregate demand.
When the farmer makes this discovery, what happens to the opportunity cost of wheat, measured in bushels of corn?
Suppose you have $500 in savings when the price level index is at 100. (a) If inflation pushes the price level up by 10 percent, what will be the real value of your savings?
Why are savings and investment so important for economic growth? How do savings and investment affect present and future consumption? Explain. How does the Production Possibly Curve behavior when the economy is growing and when the economy is sinking..
When units at MNO International are isolated from one another by strong departmental or divisional lines, it refers to
Briefly define each of the following terms or phrases and briefly explain why it matters for tax policy.
One of the major measures of the quality of service provided by any organization is the speed with which it responds to customer complaints. A large family-held department store selling furniture and flooring had undergone a major expansion in the pa..
q1. the banking market in athens ohio currently has four banks with market shares of 60 percent 20 percent 15 percent
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