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Which of the following statements is correct concerning the burden of a tax imposed on candles?
The widget industry is comprised of six firms of varying sizes. Firm 1 has 35% of the market. Firm 2 has 25%, and the remaining firms have 10% each. What is the Herfindahl-Hirschman index for the wi
Calculate the autonomous consumption and MPS. Suppose you introduce a tax element and the resulting new consumption function will C = 4000 - 4000r + 0.20 (Y - T) and T = 2000, what will be the real
Explain why the labor force participation rate for two groups might differ? Why might human capital choices differ between the selected groups?
Assume the simple spending multiplier equals 10. Determine the size and direction of any shifts in the aggregate expenditure line, the level of real GDP demanded, and the aggregate demand curve for
If someone told you Aaian american and Pacific Islandersare a model minority,and they belonged to a single asian american culture what do you say to convince them they are both misconception
The prime minister of Victoria stated that, if this was true, the government would be happy to pay the $100. However, the granddaughters also claimed that they were entitled to compound interest. Ho
Zelda Manufacturing has a rather unique product that sells for $15 per unit, and the marginal cost is $7.50. Determine the Lerner index for Zelda Manufacturing. Does this index indicate market powe
In a private closed economy (a) the marginal propensity to save is 0.25, (b) consumption equals income at $120 billion, and (c) the level of investment is $40 billion. What is the equilibrium level
Describe the advantages and disadvantages of ROE as a measure of corporate profitability. Which company has the lowest ROE
What is Phillips curve? Who was Phillips? What is the relationship between inflation, nominal GDP growth and real GDP growth?
Why does the government create monopoly power via its patent system, when elsewhere it spends millions trying to prevent the emergence of or regulate monopoly power?
Why does representative democracy often tax some people in order to provide benefits to others? When government becomes heavily involved in tax-transfer activities, how will this involvement affect
Shortly after ADM began producing lysine, the worldwide price dropped to $0.70. By 1993, however, the price of lysine shot back up to $1.65. Use the theories we discussed in class to provide a poten
In regards to international trade the United States must place high Tariffs and use quotas to restrict trade with foreign countries. The following issues will be addresses: the strength of the dolla
The annual sales of romance novels follow the normal distribution. 40% of the time sales are more than 470,000, and 10% of the time sales are more than 500,000. What are the mean and the standard de
What is national income? how it is measured? explain the reasons for its underestimation in developing countries like nepal.
Write an essay and illustrate it with a chart to show how fiscal policy can deal with recessionary and inflationary gaps. Be sure to include examples of major federal spending programs.
Who benefits from a tariff or quota? Who loses from a tariff or quota? What are the positives and negatives of protectionist trade policies on the part of the federal government? Which policy do you
After the tax, 6 million cases of cola are sold every month; consumers pay $4.00 per case and producers receive $2.00 per case. Use this information to answer the following questions. What is the in
Provide an example for each about decision-making, interaction, and the workings or the economy. Explain how that influences the marginal benefits and marginal costs associated with the decision to
Before economic reforms were implemented in the countries of Eastern Europe, regulation held the price of bread substantially below equilibrium. When reforms were implemented, prices were deregulat
Which of the following functions of money would be violated if inflation were high?
Suppose you paid $900 to take this economics course, which meets 30 times, for one hour a class, during the course of the semester. Instead of attending class you could have either flipped hamburge
List at least one advantage and one limitations of International Trade as identified in the simulation