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How do you draw a shift of aggregate supply and aggregate demand curve, to show aggregate supply shift to the right in regards to technological advancements?
The opportunity cost of holding money is that you
Social Responsibility: To include intercultural competence, knowledge of civic responsibility, and the ability to engage effectively in regional, national, and global communities. Why is active economic citizenship particularly important for a succes..
A country with an adult population of 120 million adults has 80 million employed, 5 million unemployed, and the rest of the adult population is out of the labor force. What’s the unemployment rate? What share of the population is in the labor force? ..
Using what you have learned about market-based incentives, suggest a policy initiative that would discourage land disposal in the United States.
Suppose the market supply curve of wagons is QS = –62.5 + 0.5p2. The demand curve is QD = 325 – 2p2. Use Equation 3A.2 in Appendix 3A to determine the incidence of a small tax on consumers. ?The equation to use is dp/dt=(ds/dp)/(ds/dp)-(dD/dp)
With an interest rate of 10 percent this person uses $100 current income along with an $80 bank loan to finance $60 of education. Explain how this individual should respond if interest rate increases. Discuss income and substitution effects.
You are the manager of a firm that receives revenues of $40,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..
The slope of the trade line is equal to the average of all possible trading prices. world price of the good on the horizontal axis. world price of the good on the vertical axis. productivity of labor in producing the good on the horizontal axis. oppo..
Explain how a bill become a law in order.the bill goes back to the floor of the senate for consideration. the house committee, compairised of members from both houses of congress,works outany differences concerning the bill.
What is the -maximing combination of labor and capital the firm should use? What is the resulting level of output? What is the economic profit? Is this the least costly way of of producing the profit-maximizing output?
Country Y is an industrialized economy. The budget deficit of the government has been rising sharply in the last few years. In order to fund this expenditure, the government has resorted to financing its deficit by issuing bonds. Jason McAlister, a l..
To counter parents' concerns about fast foods and childhood obesity, McDonalds considered: Domestic currency depreciation will:
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