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What are the determinants of demand? What happens to the demand curve when any of these determinants change? Distinguish between a change in demand and a movement along a fixed demand curve, noting the cause(s) of each.
Explain how the quantity of executives demanded, the quantity supplied, and executive pay will change based on the above statement.
Consider an economy where there are N consumers, each of them having one unit of available time.
A growing economy means that the economy is producing more also more stuff, either since it has more resources.
You learned that Texas has a tax system that is generally “regressive” because it relies heavily on sales taxes rather than income taxes. What are the definitions of regressive, flat, and progressive when it comes to taxes? Why a sales tax is conside..
Illustrate what price should the owners of blue skies set for engines in order to avoid this problem and maximize overall profits.
Suppose that the government imposes a temporary tarpon all imports, which makes imports more expensive relative to domestic residents (reducing the trade balance for any fixed level of the real exchange rate). Discuss the implications of this policy ..
abc computer company has a 20000000 factory in silicon valley. during the current year abc builds 2000000 worth of
Comment about substitution effect and income effect when price of good one alone decreases if the goods are perfect substitutes.
Why would the gov't want to limit gas price increases? Isn't that exactly what we want to happen (price increases), to allocate scarce resources? Is the gov't in the 'price control' business, and if they are, how does this work, in free-market capita..
Calculate consumption expenditures as a percent of real GDP for all years and calculate GDP growth in 2011 and 2012.
In some country, the rate of inflation is expected to increase from 2 percent to 5 percent and people fear that the increase will be permanent if the central bank does not take action. In both diagram and text, indicate clearly whether you deal with ..
q. airways express has an evening flight from los angeles to new york with an average of 80 passengers and a return
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