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What measures or policies could be used to contain the housing prices in 2021 by the federal and state government in Australia? How could a potential regression be prevented? What will these policies affect?
What was real per capita GDP in 1933 measured in 2013 prices? Use the data in the table below and a price index of 100/1,400 to compute your answer. Year Nominal GDP Population Nominal per capita GDP 1933 $ 57 billion 126 million $ 452 2013 16,800 bi..
What kind of economies come from reductions in cost due to adoption of technology that has high fixed costs, but lower variable costs?
Mr. Dilatoriness has a PhD in economics, but is happily unemployed; he spends most of his time reading classical literature, art, and philosophy. He gets $3000 a week from his parents. His parents tired of his indolence, decide to cut down his weekly..
What economic concept describes this? How can economic incentives be used to significantly reduce the problem?
Suppose Bob owns a pizza place in a competitive market. If an additional worker will cost Bob $200 and offers marginal productivity of 40 pizzas, what is the marginal cost of producing a pizza? Show your work and explain your reasoning.
Greece has been notorious for its lack of competitiveness and commensurately high current account deficits. Yet in 2016, Greece's current account was approximately balanced. How can one account for this apparent anomaly?
Indian GDP in 2010 was 78.9 trillion rupees, while U.S. GDP was $14.5 trillion. The exchange rate in 2010 was 45.7 rupees per dollar. India turns out to have lower prices than the United States (this is true more generally for poor countries): What i..
It was reported that Japan's fishing, aquaculture (tuna and salmon), food processing factories and cold storage areas had been badly affected.
Describe how many days before the due date the cesarean section should be carried out so that there is no more than a 10 percent chance that the woman will go into labor before that date.
In a small town, the market price for a day worth of yard work is $85. If Artie would be willing to do the work for as little as $75, Belinda would do it for as
You have just been hired as manager of a new golf club. The golf club has market power over its members. The club owner wants you to come up with a two-part pricing strategy to maximize profits for the club. The average golfer’s monthly demand is P =..
Name one potential problem that could lead to biased results if you were to identify the effect of attending a charter school by comparing the scores of students from the charter schools with the scores of students from public schools.
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