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1. What are the economic forces or reasons for the development of a single national model code?
2. Your office has received a complaint from a citizen who claims that her neighbor is storing a 55 -gallon drum of racing fuel in the basement of his townhouse. Upon questioning, she accurately describes the red flammable liquid label on the drum. Does the fire prevention code apply in this situation? If denied entry by the homeowner, what options are available to gain entry? What effect could the complainant's desire to remain anonymous have on your ability to gain access to the townhouse?
Describe the difference between Economic contraction and Economic expansion
Real wealth which capitalists pull out of market must somewhere enter market. What is this hidden mechanism.
Explain how much is saved at equilibrium. If savings fell by $200 at every level of GDP, illustrate what would be equilibrium level of income.
q.the husband of miss young is a monopolist with constant marginal costs of 50 that can sell to three groups of
What do we know about the proportion of peanut butter to jam held by Bob in any equilibrium? If Adam held all of the peanut butter in the initial endowment, is it possible that he end up with nothing in the equilibrium?
If the Treasury has just paid for a supercomputer and as a result its deposits with the Fed fall, illustrate what defensive open market operations will the manager of the open market desk undertake.
it goes on to say that using 3 tools federal reserve manipulates the demand for and supplies of balances those
An industry which generates detrimental externalities will have a marginal social cost higher than the marginal private cost to the industry.
Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or shareholders) worse off. Do you agree or disagree.
If MC was $10 per unit, how much would the firm chose to produce? If FC was $200, how much does the firm earn in profits?
Why might bad cars drive good cars out of the used-car market. Give at least two possible solutions to resolve this paradox.
How might it be possible for the unemployment rate to still increase? Provide an example, i.e., provide a scenario with numbers, to support your answer
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