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The federal government's budget surplus was $236.2 billion in 2000 and $128.2 billion in 2001. What does this information tell us about fiscal policy actions that Congress and the president took during those years?
Apply one (1) of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply) to the key points that you highlighted in Question 1.Explain h..
Over the past few decades, East Asian economies have increased their share of world GDP. Similarly, intra-East Asian trade-that is, trade among East Asians nations-has grown as a share of world trade. More than that, East Asian countries do an in..
Provide an example of the price discrimination for good or service which you thought it to unfair. Do you still believe that the discrimination is unjustifiable.
Construct a numerical example to show that as marginal product (MP) rises, marginal cost (MC) falls. Explain your answer and use tables and graphs to illustrate.
Presume you make an annual contribution of $10,000 to your savings account at the end of each year for 8 years. If the account earns 6 percent interest annually, how much can be withdrawn at the end of 8 years?
Determine the short run average variable cost and the marginal cost functions. Determine the output level that minimizes short run average variable costs
According to an analysis by Katja Seim of the University of Pennsylvania and Joel Waldfogel of the University of Minnesota, if the state of Pennsylvania were to allow unlimited entry of private liquor stores, the number of stores would increase by..
Describe the difference between movement along the demand curve and a shift in demand. Provide an example to help the class understand the difference between the two.
choose an industry you have not yet written about in this course and one publicly traded corporation within that
if the product price is 4 per unit and the price of the factor of production is 80 per unit the profit-maximizing
Individuals without health insurance impose substantial negative externalities on those who do. In a paragraph, list some of these externalities and briefly describe their signficance.
discuss the difference between the european monetary system and eu adoption of a single currency. what factors
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