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Explain how such controls can lead to shortages, especially in the long run and other economic costs. Deposit disadvantages, why does rent control remain popular?
How much does consumption change this year in absolute dollars ($ ΔC) as a result of a $5,000 annual tax cut to your income, if the tax cut: is permanent, and will begin immediately (this year)
World Bank reports 2011 shows the lowest per capita income levels being in Africa. Provide a detailed analysis of the policies that the government could use to increase the living standards of the
Investment (I) = $150; and the Budget Deficit (BD) = $120; what is the dollar value of Net Exports (NX)? What is the value of net domestic product (NDP)? What is the value of national income (NI)?
Discuss using relevant examples whether it is a good policy for the government to completely eliminate monopoly power.
How might the following government intervention affect a nation's economic growth: (a) Mandatory school attendance (b) High income taxes (c) Copyright and patent protection (d) Political corruption.
What is the difference between marginal and total utility? Explain the income and substitution effects and use the concepts to describe what happens when the price of a product decreases.
Why would an ounce of gold be priced higher than an ounce of coffee beans, even though coffee is generally considered more essential than gold? Explain the paradox in terms of marginal and total ut
Can marginal utility be negative? Provide an example using your original thoughts and words. Why is it not sufficient to just compare the marginal utility of two goods when maximizing utility?
What is the amount of economic investment that has resulted from BBQ's actions? How much purely financial investment took place?
The qty of each firm's shares demanded equals the quantity supplied. So, if this equality always occurs, why do the prices of stock shares ever change?
Classify each of the following as employed, unemployed, or not in the labor force. Beth is not working; she applied for a job at Wal-Mart last week and is awaiting the result of her application.
Explain how such controls can lead to shortages, especially in the long run, and ... Critics of the New York City rent control system contend that the wealthy.
Find the intrinsic value of the stock of company ABC using the following data: Expected market return = risk free rate + market risk premium
Suppose that in the clothing market, production costs have fallen, but the equilibrium price and quantity purchased have both increased. Based on this information we can conclude that.
Why do some economists believe that better inventory control software and systems may help to reduce the frequency and severity of recessions caused by mild demand shocks?
How much of each will she purchase? Draw the indifference curve that Hannah reaches on the graph from part (a), being careful to reflect her preferences.
Graph your situation with both a budget constraint and the indifference curve at the point being chosen (with $ on the y-axis and popcorn on the x-axis).
Given that PY = $1.300, ceteris paribus, calculate the cross price elasticity of demand for product X with respect to the price of product Y.
Explain the argument that lower corporate tax rates can increase tax revenue in Kenya. Consider the Laffer curve in your explanation.
Describe the two key tools of monetary policy, and describe how they would be used by the Bank of Canada to implement a contractionary monetary policy.
What is the opportunity cost of completely specializing in the production of modems? Why might residents of this nation consider in specializing in modem production?
Calculate the income elasticity of demand for product X when I= $30. How could we classify product X? Do you consider commodity X a cyclical or non cyclical good? Explain why.
The product is higher than its opportunity cost. Suppose the price of apples is 1 apple = p cherries." why is the price of apples = p cherries? isn't p = price?
Which country now has an absolute advantage in producing modems? DVD drives? Which country now has a comparative advantage in producing modems? DVD drives?