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What are the different sources of advice for entrepreneurs? What type of information would an entrpreneur be likely to get from each souce? What are the drawbacks for source?
Find out the equilibrium level of GDP. Next find the multiplier for government purchases and fixed taxes. If full employment comes at y+1800, what are some policies that would move GDP to that level.
Why do oligopolies exist? Explain the characteristics of an oligopolists whose products you own or regularly purchase. what distinguishes oligopoly from monopolistic competition?
Suppose that a biotech firm in Pittsburgh raised $113 million in an IPO. The firm received $23 per share, and the stock sold to the public for $25 per share. The firm’s legal fees, SEC registration fees, and other out-of-pocket costs were $657,500. T..
What are the effects of an increase in aggregate demand in the aggregate demand and aggregate supply model consistent with the Phillips curve.
You are considering purchasing a savings bond that will pay $100 in five years. The market interest rate currently is 3% per year. What should you be willing to pay to purchase this bond today? Suppose the interest rate goes up next year, to 4% per y..
Under what supply and demand conditions would an excise tax create a large incidence of the tax on suppliers and a small incidence of the tax on consumers? Explain how this works.
The government subsidizes a wide variety of programs intended to help the poor, including social insurance and poverty programs, such as income assistance programs. Which of the following are examples of social insurance? Check all that apply. Food s..
Engineers at a national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of gasoline. They estimated that in mass production the car would cost $40,000 per unit to build. The engineers argued that Con..
1. Tampa Tribune's dominant strategy is ____________ (low price, high price, it has no dominant strategy). 2. St. Petersburg Times' dominant strategy is ____________ (low price, high price, it has no dominant strategy).
In New Yotk, the demand for bottled spring water is given by Q = 121 − 1/2P . There is one known spring in town controlled by the bottler First Spring (FS). Suppose that consumers created a Spring Water Authority (SWA) that would subsidize set up cos..
A dominant strategy is one that
Illustrate what is the value of gross private domestic investment. Illustrate what is the value of net investment.
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