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Help me to understand the following statement: "Using free markets and the price system always results in a more efficient resource allocation than central planning. Just look at what happened in Eastern Europe."
Macroeconomics, Economics
Question: President Trump has put forward a tax plan that would significantly cut personal and corporate income taxes in the U.S. Assume that Congress passes this tax cut plan and President personal Trump signs it into l ...
Question: Describe the effects of employment discrimination on wages. How could this impact ones business decisions in relation to labor costs? The response must be typed, single spaced, must be in times new roman font ( ...
Question - Consider a community consisting of three voters, Al, Bob and Cathy. The Marginal Benefit function for each person is, for lighthouse service G is; MBa = 40 - 4G for Al, MBb = 20 - 2G for Bob, and MBc = 10 - G ...
Question: Consider the Aggregate demand - Aggregate Supply model, suppose the economy begins in a short run equilibrium with output equal to potential output. - Illustrate this scenario in an AS-AD diagram. What is the i ...
Question - Gatekeeper models of MCOs require patients to see a primary care doctor before going to see a specialist. What two key economic principles would be involved in a successful gatekeeper program?
Question - Find an article that discusses in depth the state of the current U.S. economy or how much the U.S. economy is growing. Discuss GDP growth, unemployment or U.S. exports. You must use either: New York Times Busi ...
Quesiton: Due to low unemployment, firms are having tougher time to find qualified workers. What will be the slope of aggregate supply curve if a country runs out of qualified workers to hire? The response must be typed, ...
Question - In this question, I will guide you through a simple AK model. The so-called AK model is a special case of the Solow Model. The production function is simply Y = AK so 1/3 for capital in the last question becom ...
Question: Assume a Nissan dealer in the U.S. bought 30 Maximas directly from Japan at a cost of $20,000 per car in the fall of 2002. By December 31, 2002, the dealer had sold 10 of these cars for $27,000 each. The remain ...
Question: Consider the following utility function and corresponding marginal rate of substitution for consumption, C and leisure, and L: U = and MRS = The consumer's income is $100, PL = 16.67, and PC = 10. Utility funct ...
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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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