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What economic arguments support government financing of personal health services to certain population groups?
We all benefit by having physicians available in case we need them. Therefore the government should subsidize medical education." Critique this justification of governmental subsidies based on an externalities argument.
1 describe the difference between ldquomoney marketrdquo debt instruments and ldquocapital marketrdquo debt instruments
Assuming that Professor Smith spends the $100 each month at either Alice’s or the club, sketch his budget constraint. Show actual numbers on the axes.
Bargaining outcomes in a market-related situation are in general indeterminate and not obvious to the parties in the negotiation.
Instead of the tax per bottle, suppose that the government imposes a tax on Placebo of $10,000 regardless of how many bottles are produced. How does this tax affect Placebo’s price, quantity, and profits? Explain.
suppose your firm produces olive oil in a perfect competitive market and is currently earning zero economic profits.
suppose that the reserve requirement is 10 percent and the balance sheet of the peoples national bank looks like the
Keeping the Law of Diminishing Returns in mind, comment on the quality of teaching and learning that occur when a resident successively works her 60th, 70th, 80th and 90th hours in a week.
What must occur to Aggregate Demand and Aggregate Supply in order for the U.S. economy to experience an increase in Real GDP,and at the same time, not experience a significant increase in the price level
Suppose the production function is given by Q = 5K + 3L. What is the average product of capital when 10 units of capital and 10 units of labor are employed?
Assume the reserve ratio is 20%.If the lending process continues as far as it can possibly go, how many deposit dollars will be created from this initial $1000 deposit?
(a) If two firms face the same wage and rental price of capital but spend different amounts on labor and capital, how do their isocost lines differ What happens to their isocost lines if the wage rate increases
you must give up your full-time job which paid 50000 per year and you worked part-time for half of the year.the average
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