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Q1. Americans already enjoy living standards that far exceed world's average. Should we even try to produce more, do we have sufficient?2. Explain how might the following government intervention affect a nation's economic growth:
(a) Mandatory school attendance (b) High income taxes (c) Copyright and patent protection (d) Political corruption.
Q2. Describe the determinants of varying levels of income. What factors determine a wages of a person? In your opinion, do these qualifications always hold true?
Elucidate the multiplier concept as it applies in this case. Explain what are the qualifications and limitations of the multiplier model.
q.the market demand and supply functions for pork are qd 2000 - 500p and qs 800 100p. to help pork manufacturer the
Metro Limo also Urban Limo, operate nine passenger vans. These duopolists cannot compete with price, but they can compete through advertising.
Are monopolies and oligopolies (firms demonstrating power) always bad for society?
Describe the difference between the short run and long run in the example to bringing about more tables for the customers. How is the restaurant able to differentiate between the short run and long run?
Smith has been trying to sell his house for six months, but so far, there are no buyers. Sketch the market for Smith's house.
Elucidate what is meant by the paradox of mercantilism. Explain how was this reflected in mercantilist wage and population policies.
Assume that economy starts at equilibrium and mpc = 0.8. Illustrate what would be effect of a $500 increase in taxes once all rounds of multiplier process are complete.
Now? suppose? that? the ?first ?firm? has? a ?capacity ?of ?2 ?and? the? second? firm? has ?a ?capacity ?of ?4.
The primary difference(s) between the standard deviation and the coefficient of variation as measures of risk are: the coefficient of variation is easier to compute
Assume you are currently working in a government job that pays$20,000/year and you have $40,000 in an account earning 10% interest. You have the opportunity to buy a fruit orchardthat produces $23,000/year in revenue for a price of $50,000.
Suppose that macroeconomics forecasters predict that economy will be expanding in near future. How might managers use this information.
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