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WHAT DO YOU MEAN BY A SOCIAL WELFARE FUNCTION? IF ASSUME THAT SUCH A FUNCTION EXISTS, WHAT PROPERTIES OF SOCIAL OPTIMA WOULD BE CONSIDERED BY YOU? DISCUSS SUCH PROPERTIES.
assume now that people talk about the movies they watch and therefore the willingness to pay for a particular movie is
Compare the path of economic growth using GDP, GDP growth, and GDP per capita. Compare the evolution of Agriculture and Manufacture as components of GDP.
1. discuss several economic events that would increase a countrys willingness to trade.2. in the offer analysis why
consider the trade problems of developing nations and make at least one recommendation for mitigating one of them.
If an investor deposits $1000 now, $3000 three years from now, and $600 per year for 5 years starting 4 years from now, how much money can be withdrawn every year forever beginning 12 years from now, if the rate of return on the investment is 8%.
When someone owns an asset (such as a stock) that rises in value, he has an "accrued" capital gain. If he sells the asset, he "realizes" the gains that have previously accrued. Under the U.S. income tax, realized capital gains are taxed, but accru..
What will be the effect of the following events on the market for French wine and the quantity consumed? Distinguish between the short-run and the long-run impact.
An explanation about Marshallian money graph. Consider the case of two goods: Marshallian money y and good x. Let y be the numeraire good, so the price of y is py = 1. Let Px denote the price of good x. The initial endowment of money is M. And..
What happens to the scale of firms in the long run What motivates firms to choose the scale of operation that they do How does the market adjust in the long run when firms are earning short-run economic profits
discuss the problems associated with having a persistent vs. temporary current account deficit and determine which
in your own words describe the meaning of average cost. you normally buy a crate of wine for 75. one crate has 6
Assume a bank has $200,000 in deposits, a needed reserve ratio of 10%, and bank reserves of $50,000. Then the bank can make new loans in the amount of?
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