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Politicians have incentive to support special-interest groups at the expense of unorganized, widely dispersed groups (for example, taxpayers or consumers)
Find the natural equilibrium fish population and the maximum sustainable yield
The small town of Middling experiences a sudden doubling of the birth rate. After three years, the birth rate returns to normal.
As Malcolm Gladwell points out in his article "High Prices," increases in drug spending are more the result of increases in drug utilization then in increases in drug prices. Why is this relevant to the debate over whether something should be done..
economic colleagues first pick one of the following explain two effects of an open economy on monetary and fiscal
You have a young friend who has never had credit. This person does not really want credit and is doing fine paying cash for everything. However, there is a problem: your friend wants to get a home mortgage in two years.
he average product of labor is the total quantity of units produced divided by number of working hours. The marginal product of labor is how many extra units are produced if we add one more unit of labor:APL = q/L , MPL = Δq/ΔL
Consider an economy that abides by the classical mode. The production function is unspecified, but we know that the Theory of Distribution (ToD)[W/P=MPN] holds. Suppose there is adrop in the level of capital.
What does the analysis of the 'hold up' problem contribute to the explanation of the size and scope of firms?
Briefly summarize the outcome for hours of work, total weekly income, and Steve's total utility.
over the business cycle real gdp tends to increase during the expansion and decrease during the contraction. can you
The Multiplier in a country is equal to 5, and households pay no taxes. At the current equilibrium real GDP of $14 trillion, total real consumption spending by households is $12 trillion. What is real autonomous consumption (A) in this country
Brand names can be important to the success of a firm in some industries. Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competition.
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