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My behavioral economics professor continues to refer to the "Crankcase oil problem" as a basis for assuming "something about preferences." What could he be referring to?
Describe benefit and cost externalities. List the reasons for lack of optimal allocation of resources in each case. Explain the need for government intervention in case of market failure due to externalities. Explain why government intervention may n..
you are a new physician setting up your own practice in a new town. you are researching the different mcos offered in
Suppose that you have to charge a uniform price. That is you post a price and one canbuy as many units as one wishes at that price. What would be your price?
develop a three- to four-page paper in which you present an overview of public budgeting. be sure toevaluate the
Determine whether a permanent increase in the size of the labor force and an improvement in technology, other things held constant, would lead to an increase, a decrease, or no change in long-run aggregate supply:
Which of the following would shift the aggregate demand curve to the right?
what is the difference between contractionary and expansionary monetary policy? what is the intention of each policy
Identify and enumerate the factors affecting the supply, demand, and price for the company's products and examine whether the demand for the company's products is relatively price elastic or relatively price inelastic and explain why.
1. assume that a firm has a total product curve given by q 2kl.a graph the total marginal and average product curves
Why did the budget surpluses in 2000 and 2001 give to a series of budget deficits beginning in 2002? Why did those deficits increase substantially beginning in 2008?
Use a principle, or principles, discussed in the course to explain some pattern of events or behaviour that you personally have observed.
The aggregate-demand curve slopes downward because it is the horizontal sum of the demand curves for individual goods. The long-run aggregate-supply curve is vertical because the price level does not affect long-run aggregate supply. If firms adjuste..
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