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Q. Assumptions make the world easier to understand because they simplify reality and focus our attention?
Q. Which of the following statements is true?
Choose one answer.
a. The concept of equilibrium requires that all individuals have an equal amount of income.
b. If equilibrium in a market exists, then the price in that market will not fluctuate by more than 5%.
c. If equilibrium in a market exists, then there will be no remaining opportunities for individuals to make themselves better off.
d. Equilibrium in a market will exist when the number of buyers is equal to the number of sellers.
government official proposed which gasoline price controls be imposed to protect the poor from rising gasoline prices.
The US government could not pass its annual budget. As a result, the US government has partially shut-down: roughly about 800000 federal employees of non-essential services are out of work
What is the confidence interval for the proportion of households represented at a town meeting. Survey of households in a small town showed that in 850 of 1,200 sampled households.
How would you use these cost and revenue estimates to determine whether a sales force increase or possibly a decrease is warranted.
Assume that over the last twenty-five years a country's nominal GDP grew to three times its former size.
What do you mean by macroeconomics. What role does macroeconomics play in your personal financial decisions and the decisions that your organization makes.
Bob as well as Nancy live in a new housing development as well as they would like to have fire hydrants installed to assist the fire department in case of a fire.
illustrate the effect of capital formation by comparing the product posibility curves,at the present time and ten years in the future for two economies,one with a high and the other with a lowrate of capital formation.
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
Illustrate what is the airline's profit-maximizing fare? How many passengers does it carry per week, using how many flights.
her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound.
To build trust among virtual team members, managers should Deep-six the egos
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