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What are the differences between productive and allocative efficiency? What conditions must be present for productive and allocative efficiency to be achieved in the 'real' world? How does industry entry and exit promote efficiency?
Elucidate why the return to deficit spending since the turn of the century.
Increase or decrease in the money supply increase the price level to the tolerable range
Could you reduce the cost of producing 1,800 pots per day by adding a pottery machine to your production process and reducing the amount of labor. Explain why or why not.
Using the concept of net present value also opportunity cost, explain when it is rational for an individual to pursue
Illustrate what should the Fed do if it wants to stabilize aggregate demand.
Human resources that perform the functions of organizing, managing also assembling the other factors of production
During the recession of 2001, despite the reduce in aggregate Demand the price level was essentially stable. That of the following is a reason for this.
Illustrate what can you infer about the expected changew in the exchange rate between the Canadian dollare and the U.S. dollar.
explain the difference among moving along a curve and shifting the curve. Assume a market is in equilibrium and the demand curve shift to the right, describe the market adjustment process in restoring equilibrium.
Does the production technology exhibit increasing/decreasing/constant returns to scale.
Evalute the strengths and weakness of Callaway, Taylor Made, Titleist, Ping, and Nike. Which company has a competitive advantage in the marketplace.
Assume a $6 excise tax is imposed on the good. Conclude the new equilibrium cost also quantity.
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