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Explain in detail why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?
Suppose taxes are measured in cents as in the first case, but consumption is measured as gallons consumed every month.
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
Show the balance sheets of Swede world only commercial bank after the initial deposits
why is it difficult for the government to control and regulate monopolistic enterprises? Give a minimum of two real-world examples from recent history
Russian farmers, again, have a poor crop. Their government has announced that they will not ban exports. Discuss the impact on domestic and world prices, consumers and producers the effects of the Russian government's decision.
How do you use indifference curve analysis to explain the price ; income and substitution effects and to demonstrate the delegation of the demand curve for different types of goods
One could argue that a long commute to work is an undesirable characteristic of any job. If most people live in the suburbs.
question 1. pick a country and talk about the products they import and export with the u.s.a. also talk about the
Three main facts indicate that Microsoft enjoys monopoly power. First, Microsoft's share of the market for Intel-compatible PC operating system is extremely large and stable. Second, Microsoft's dominant market share is protected by high barrier to e..
Illustrate what will the level of output and price in the long run if this industry were perfectly competitive.
Exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million.
Evaluate the institutionalist economists. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.
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