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Which of the following is a primary determinant of price elasticity of supply?
a. consumer preferences and tastes
b. the time horizon (amount of time considered)
c. the four-firm concentration ratio
d. the unemployment rate
you are a member of a presidential commission appointed to consider a mandatory national health insurance plan and the
Why might economists prefer tariffs to quotas?
Consider an electricity market with a daytime (peak-period) inverse demand of P=160-Q, and a nighttime (off-peak) inverse demand P=80-Q, where P is the price of electricity and Q is units of electricity.
What do the behavior genetics research on family influences and the evolutionary explanation of sex differences imply about the amount of influence parental behavior has on how masculine or feminine their sons and daughters become?
If the formerly "free" organ now has a price placed upon it, then that will drive up the total costs for having organ transplants, thus making such operations more expensive and, therefore, out of reach for lower-income people.
When the economy is at full employment, should the federal government run a budget deficit, budget surplus, or neither? Justify your answer. What are the pros and cons of each budget position?
in the two-period consumption model suppose that y1 100 and y2 210. there is no initial wealth. if the utility
Economists who align more with the "Classical" school would have a "leave it alone" (Laissez Faire) attitude and would oppose active policymaking. "Rational Expectations Theory" (a "new classical approach") suggests that people figure out what wil..
The second firm finds that although demand is not perfectly elastic, it is now relatively more elastic. what will happen to the second firms marginal revenue curve and to its profit-maximizing price. competes with a second firm which had been a mon..
question 1.a tax imposed on imports is called a tariff a quota a comparative advantage an excise taxquestion 2 this
Who has a comparitive advantage in jigsaw puzzles? If Tom and Tessa specialize in producing the good in which they enjoy a comparative advantage, what are the quantities of jigsaw puzzles and kites produced?
An exam tomorrow, the subject is econometrics(T-tests/linear regression,dummy variables, Functional forms etc.) . the exam consists of 2 parts. First part is 10multiple choice questions to be completed in 45mins. the second 9 multiple choice an..
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