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Explain and diagrammatically represent the changes in the interest rate as a result of the following: (macroecon)
a decline in autonomous investment
an increase in the size of the deficit
an increase in the size of the surplus
a decline in autonomous savings
it is estimated that the price elasticity of demand is -3.0. Is the firm charging the optimal price for the product. Demonstrate how you know.
Should the government limit the amounts that juries are allowed to award victims of medical malpractice, so as to reduce malpractice insurance premiums and thereby lower health care costs.
Illustrate what's the equilibrium price and quantity in the free market equilibrium. what's the best tax to impose on the power plant, why.
Specify the main economic (not political) drawback of economic integrations among nations? Explain (do so in no more than 40 words).
Suppose the demand for labor market is given by L = 408−2w and the market supply is given by L = 10w. In a graph draw the supply and demand curves and find the equilibrium wage and amount of employment. Show the seller’s and consumer’s surplus. Calcu..
Discuss the elements the led to the successful northern commercialization of agriculture and the differences between the northern commercialization and southern commercialization of agriculture.
In accordance with the law of supply, if the price doubled, the quantity supplied would generally ______. A shift in the supply curve for gasoline in the United States would result if _______. A typical demand schedule shows higher sales at lower pri..
Political scientist Garry Wills stated if leader is just an expediter of what other people wish, a resource for their use, the people are not being led but serviced.
A firm's current profits are $450,000. These profits are expected to grow indefinitely at a constant annual rate of 3 percent. If the firm's opportunity cost of funds is 6 percent, determine the value of the firm: The instant after it pays out curren..
A famous American has been visiting the same tropical island for 15 years for vacations. When she goes she pays for everything by writing checks drawn on her U.S. bank. The currency the natives use are not U.S. dollars; they use a currency called a f..
Which of the following is NOT a result of certification of skills?
To what extent in life can people make choices to suit us and our own good? Or does the government and big business control us, de facto, or not, (and to what extent)?
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