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Most wild Asian tigers are the common property of the humans and governments that control the lands they inhabit. Why does this pose a significant problem for maintaining the wild tiger population in the future? (HINT: Who currently has an incentive to care about the wild tiger population?)
Explain how the factor changed since the recession began in December 2007 and under aggregate supply discuss institutional changes that alter the efficiency of resources.
We derived the total cost curve from the total product curve by assuming that the price of the variable input was constant. How would the total cost curve change if the price of the variable input increased. You should answer this by drawing two to..
assume prices are flexible and that factors of production are fully employed in both economies. Assume there is perfect capital mobility for the small open economy.
What would the government surplus/deficit be, what would the trade balance be and what changes would occur if G were increased to $941?
If the full-employment level of Y is $250, what fiscal policy might the government follow? d. Suppose Y = $200, C = $160, S = $40, and I = $40. Is Nurd's economy in equilibrium
After her final exam this semester, Sylvia must drive from her school in Philadelphia to her home in upstate New York-What are Sylvia's expected .ne, expected wealth, and expected utility if she travels through PA?
Describe wage determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor. Show this situation graphically, using W1 to indicate the equilibrium wage rate and Q1 to show the number of ..
Assume a firm has just introduced a new line of ceramic insulators for which it has received patent protection, effectively granting the company monopoly status in the industry.
Demand for refrigerators is often explained as cyclical and very sensitive to refrigerator prices & interest rates. Given these characteristics, explain the effect of each of the following in terms of;
Discuss the determinants of varying levels of income. What factors determine a person's wages. In your opinion, do these qualifications always hold true.
Consider the following sequential game between two players, A and B. First, A chooses between "trust B" or "do not trust B." If A decides not to trust B the game ends and each player obtains a payoff of 0.
The following equations describe an economy, compute the simpler government spending multiplier in our open economy that applied under constant interest rate and equilibrium levels of output and interest rate
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