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Are there any similarities between what Ricardo says On the Principles of Political Economy and Taxation in 1821 and what Hume and Smith said before? Explain
Microeconomics, Economics
Participation in the labor force is much lower than it has historically been. How have government benefits, such as food stamps and housing subsidies, affected the labor-leisure choices of individuals?
Question: A deposit of 1000 is planned for the end of each year into an account paying 6% per compounded annually. The deposits were not made in years 8 and 9 but were made each year until year 30 for all other years. Wh ...
Question: What is the relationship (if any) between production technology (i.e. productivity) and cost ? In your analysis define the various cost structures (short-run & long-run); Describe the difference between account ...
Question: Have increases in food prices had an impact on you and your family? How much do you spend on food each week? How about each month? How does that compare with what you were spending on food each month a year ago ...
Question: Practice critical thinking Define in three to four sentences, in your own words, the difference between inductive and deductive arguments. Explain in three to four sentences what the difference is between valid ...
Question: Four students from your economics class are sitting in a local restaurant discussing the market for coffee. Below are quotes from each of the four students. All of the following quotes are logically correct exc ...
Question: A firm has a fixed production cost of 5, 000 and a constant marginal cost of production of 500 per unit produced. a) What is the firms total cost function? Average cost? b) If the firm wanted to minimize the av ...
Question: Suppose that large oil reserves are discovered off the coast of Cuba, and these reserves will increase the world's supply of oil by 2 percent. If the elasticity of demand and supply of oil are -0.20 and 0.40, r ...
Question: Explain these questions Why are monopolies bad for consumers and society? Can you give an example of a company that price discriminates by charging different customers different prices for the same product? Des ...
Question: Assume that the marginal product of a server in a restaurant equals the number of customers he can wait on per hour. The restaurant owner currently uses one server and is considering adding a second to work alo ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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