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A) What does the term Democracy mean and where is it from?
B) Why is it relevant to our understanding of U.S. Politics? Why is it important? How does it help us think about politics—either meaning “who get’s what, when, and how” or “the process of improving people’s lives”?
Write a short essay, using the market failure analysis, to justify why the U.S. government should or should not be involved in the provision of (1) airport security and (2) medical care.
Determine algebraically the equilibrium price and quantity? Suppose that the price to be fixed at $110. Determine algebraically the surplus or shortage that would result? Discuss the differences in elasticity of supply and elasticity of demand?
she estimates that she can produce and sell an extra 1,400 hamburgers per day by keeping the restaurant open for three more hours per day at a cost of $50 per hour. Which of these two alternative ways of increasing output should sh..
Fiscal stimulus to aid recovery from a recession will be most effective in the long run if______________
a smaller multiplier means that change in government purchases of goods and services, government transfers, or taxes necessary to close an inflationary or recessionary gap is larger. How can you explain this apparent inconsistency.
Foods Inc (FI) sells 5 million units per year of its only product (SuperFood) through a major retailer. SuperFoods’ retail price is $5 per unit which included a margin to the retailer of 20%. alculate SuperFoods’ per unit variable cost, Calculate Su..
write your own brief definition of the term "ethnocentrism." Then, discuss at least one example or phenomenon in which ethnocentrism plays a part. Finally, describe any situations in which you have experienced ethnocentrism, either negatively or posi..
A vendor is offering an extended repair contract on a machine. The firm's experience is that this will cover repair costs over the next four years of $200, $200, $400 and $500. At 6%, what is the extended repair contract worth now?
Suppose the income tax rate is 10 percent on the first $10,000; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on all income above $70,000. Family A has income of $82,000 while Family B ..
Singapore Airlines (SIA) is considering an expansion of its fleet. Specifically, SIA is considering the purchase of twenty new A380-800 airplanes from Airbus. Airbus has offered SIA the following options concerning the transaction:
Suppose an assistant professor of economics is earning a salary of $75,000 per year. One day she quits her job, sells $100,000 worth of bonds that had been earning 5 percent per year, and uses the funds to open a bookstore. At the end of the year, sh..
If a producer has purchased inputs to production so that the "bang for the bucks" (marginal product per price) of input A is greater than the "bang for the bucks" of input B,
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