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What does "the amount of a nation's output" mean exactly? Does it increase even if government expenditure goes up as a reaction to a disaster?
Explain the difference between Discretionary Fiscal Policy and Automatic Fiscal policy. Provide an example of each.
Was Balagny Clothing Company better off keeping its operations within the US? Why more manufacturing companies are beginning to relocate to the US after enjoying the benefits of outsourcing to low labor cost countries? What are the determinants of pr..
A paper mill has leaked a toxic substance (chlorine) into the ground. Fixing the leak was very expensive so the paper mill chose not to fix the leak. Once local residents and local government discovered that the toxic was contaminating local water su..
q.1. assume that you are to estimate the costs of eithera project proposal to construct a dam in your local area for
Suppose firm 1 and firm 2 each produce the same product and face a market demand curve described by Q= 5000 - 200P. Firm 1 has a unit cost of production c1 equal to 6 whereas firm 2 has a higher unit cost of production c2 equal to 10. what is the Ber..
You are buying a house for $300,000. The terms of the mortgage include a 30-year loan (fixed rate) and annual interest rate of 4.5%, compounded monthly, and a 20% cash down payment is required. What are your monthly payments on this loan?
Suppose price of widgets is $10. How many widgets does each firm produce. How much profit does each firm earn. Is industry in long-run equilibrium? How do you know.
In addition, the business agrees to pay the inventor a royalty equal to five percent of its sales revenue from these products over the next ten years.
John advertises his used car for $5,000 in the newspaper. He would be willing to sell his car for as little as $4,000. Bill values the car at $4,800 but offers $4,500 for it and John accepts. How much producer surplus is created by this trade? How mu..
q1. gary has two children kevin and dora. each one consumes yummiest and nothing else. gary loves both children
The lag between the time the need for physical action is recognized and the time action is taken is referred to as the
The consumer likes orange juice and cranberry juice but he or she does not like to have them together. In another words, consumer prefers 8 units of orange juice and 2 units of cranberry juice or 8 units of cranberry juice and 2 units of orange juice..
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