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If the economy is operating at a point less than full employment (as it is now), what would we want to see happen to GDP? For right now, let's just look at the C (consumption) component of our GDP equation. What would we want to see happen to consumer spending to boost GDP? What could the Government do to increase consumer spending? Hint: Think about disposable income.
What are negative externalities? Is there any benefits to having negative externalities? What are the different viewpoints of negative externalities? What are some economic problems that can occur because of negative externalities?
Discuss a change in demand resulted in a change in the market price. Provide an example of how a change in supply resulted in a change in the market price. How does the price mechanism work to keep markets in equilibrium?
Elucidate the drastic change also Illustrate what this meant for the U.S. population.
When the price of SuperSparkle Toothpaste increases by 5%, the quantity demanded for SuperSparkle Toothpaste decreases by 20%. Calculate the price elasticity of demand for SuperSparkle toothpaste. Why does demand curve shift (left/decrease or right/i..
Construct a model to conclude your allocation of study hours. Include as assumptions points you "gain" from an hour of study time in each subject and your desired outcome on each test.
Electric cars: Now consider the invention of cheap electric vehicles. Explain how you imagine the invention of cheap electric cars would affect the demand for gasoline? Why? Which determinant of demand or supply would be affected?
Assume your town decides to levy a tax to raise funds for construction, maintenance also other expenses for local schools. Should the tax be proportional, progressive or regressive.
q.suppose a firms production function is given by q l12k12. the marginal product of labor and the marginal product of
If buyers pay $8 per unit to the intermediary but sellers offer to rebate part of that expense to buyers.
Scarcity is the main reason we are studying economics. Scarcity exists when human wants exceed available resources. Write a four paragraph post that explains the difference between a want and a need? Please give five examples for each of these two co..
q1. external and internal equilibria are often contradictory goals and the policy-maker is forced to choose between one
A business school has found that over the years, out of all the students who are offered admission, the proportions who accept is 0.70. After a new director of admissions is hired, the university wants to check if the proportion of students accepting..
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