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Why do cotton growers spend billions of dollars to dam rivers and transport water hundreds of miles to grow cotton in California deserts?
A. Cotton growers in California don't pay payroll taxes.
B. The water used to grow California cotton is highly subsidized by the government.
C. Cotton growers in California are mostly operated as nonprofit enterprises.
D. The water used to grow California cotton is high in mineral contents, making for a bigger cotton yield.
What is the belief that laws are justified if they prevent a person from harming him- or herself known as?
Explain and graph how the economy can “fix itself” and move to the long run equilibrium? Will the price level at the long-run equilibrium be greater than, less than, or equal to 110?
The money supply in $1 trillion, the price level equals 2, and real GDP is $5 trillion in base-year dollars. What is the income velocity of money?
Describe what a manufacturer of each product might do in the short run to raise production.
Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of o..
Consider both sides of the argument and come to a decision of whether to close the plant or continue to operate it. How would you explain to either the president or the CEO that he or she is wrong?
What price should the leader charge to drive all the small firms out of the market? Write the marginal revenue function of the dominant firm.
Identify the area that represents producer surplus. (b) Describe briefly in words how a price floor can cause a “deadweight loss”.
If combination of rational expectation and perfectly competitive markets , a decrease in aggreage demand will lead to? A. A small decrease in real GDP B. No change in real GDP C.
Within the past 5 years a certain country ended its almost 2-year peg (fixed) of its own currency to the US dollar. What country was this? What year did it end? Why did it end its fix to the US dollar?
q1. a television station is considering the sale of promotional dvds. it can have the dvds produced by one of two
Briefly define each of the following terms or phrases and briefly explain why it matters for tax policy.
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