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Draw the budget constraint, an indifference curve and the consumer equilibrium point. Explain the graph.
What can the country do to increase its economic freedom? If the country is ranked in the free category, what can it do to remain in that category?
If they wish to estimate the proportion of women who wear flats to work within a margin of error of .02 with 95% confidence, how large must their sample be?
What would you expect the effects of the flood damage on Texas' real GDP to have been? What you expect effect on Texans' feelings of well being to have been?
In a monopolistically competitive business where there are many substitutes, even if they are not exact. Can a business break even and still make money?
What will be the amount of the highest bribe? Rather, your explanation must incorporate a particular concept and use that to justify your answer.
How would you expect the level of advertising to change if entry took place in this market, as described below?
How do I draw a microeconomics graph that shows an increase in demand and supply but a decrease in price from the first supply to the second supply?
Are there circumstances in which buying-in on a cost-and-materials contract could be illegal? If so, state them.
Why is sonar a better technology for fish assessments? And why did the Federal government choose not to use it?
What is the fundamental reason why people borrow money, and is this reason the same or different from the reason why other people save money?
Do you think taxing junk food would be a good idea? Based on your analysis, would it really help reduce the number of obese people in the United States?
Explain how the consumers in Country A makes a consumption decision, using the diagram.
Explain why opportunity costs are relevant in the discussion of trade. What terms of trade would make exchange beneficial to most (you may give a range)?
As airlines belong to oligopoly group explain how does this airline companies market structure impact the options they have for pricing practices?
When the economy is in a recession, the government will want to increase output. How much will output increase by?
Given the demand and cost information above, how much electricity will Arcon supply to the Oregon market? What will be the price of electricity in Oregon?
What was the effect of World War 2 on the Canadian economy? How did it affect the economy after 1945?
How would it ever be possible to justify anything other than sales growth as a proper objective for an advertising campaign?
Would these changes make sense in terms of the Haig-Simons definition of income? What effects do you think these changes will have on behavior?
If you borrow money from somebody and she tells you that you don't have to pay it back. Evaluate this law in light of the Haig-Simons criterion.
The table below contains statistics you can use to calculate the various labor market definitions. Calculate the employment to population ratio in Nellyville.
Explain why an individual's indifference curves cannot intersect. How can you identify optimal consumption point given an indifference curve map and budget line
What was the average duration of unemployment in weeks for those who were unemployed in each town?
Does this sameness in pricing indicate that the gas stations have formed a cartel, or is there some other - more likely - explanation for why all of these gas s