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FOR LINDA 21. http //imageshack.us/photo/my-images/40/unledphi.jpg/ 22.
FOR LINDA 21. http://imageshack.us/photo/my-images/40/unledphi.jpg/ 22. (Consider This) Brinley puts on an art show in a public space, asking for donations based on how much people enjoy his work. Eco… read more
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25.Under an international gold standard Answer exchange
25.Under an international gold standard: Answer exchange rates would fluctuate inversely with the domestic interest rates of the participating countries. each nation must agree to depreciate its curre… read more
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7.http //imageshack.us/photo/my-images/822/unledoub.jpg/ 8.Assume
7.http://imageshack.us/photo/my-images/822/unledoub.jpg/ 8.Assume that Brazil and Mexico have floating exchange rates. Other things unchanged, if the price level is stable in Mexico but Brazil experie… read more
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21.The demand for health care in the United States is price Answer elastic
21.The demand for health care in the United States is price: Answer elastic and, according to some studies, income inelastic. elastic and, according to some studies, income elastic. inelastic and, acc… read more
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FOR LINDA 41. Producer surplus Answer is the difference
FOR LINDA 41. Producer surplus: Answer is the difference between the maximum prices consumers are willing to pay for a product and the lower equilibrium price. rises as equilibrium price falls. is the… read more
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11.Economic or pure rent is Answer a payment made for
11.Economic or pure rent is: Answer a payment made for the use of housing, factory buildings, or capital goods. a payment for resources used in the production of "free goods." a payment for the use of… read more
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11.Economic or pure rent is Answer a payment made for
11.Economic or pure rent is: Answer a payment made for the use of housing, factory buildings, or capital goods. a payment for resources used in the production of "free goods." a payment for the use of… read more
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FOR LINDA 11. Answer the next question(s) on the basis of
FOR LINDA 11. Answer the next question(s) on the basis of the following information. Assume that if the interest rate that businesses must pay to borrow funds were 20 percent, it would be unprofitable… read more
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21. http //imageshack.us/photo/my-images/263/unledfgr.jpg/ 22.
21. http://imageshack.us/photo/my-images/263/unledfgr.jpg/ 22. Producers should hire resources until the total output of each is equal. Answer True False 23. The elasticity of resource demand measures… read more
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6. http //imageshack.us/photo/my-images/841/unledzpla.jpg/ 7.
6. http://imageshack.us/photo/my-images/841/unledzpla.jpg/ 7. http://imageshack.us/photo/my-images/845/unledokk.jpg/ 8. In the short run, a purely competitive firm will earn a normal profit when: Answ… read more
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21. http //imageshack.us/photo/my-images/571/unledolr.jpg/ 22Which
21. http://imageshack.us/photo/my-images/571/unledolr.jpg/ 22Which of the following would not be expected to occur in a purely competitive market in long-run equilibrium? Answer consumer and producer … read more
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26. http //imageshack.us/photo/my-images/263/unledbn.jpg/ 27.
26. http://imageshack.us/photo/my-images/263/unledbn.jpg/ 27. http://imageshack.us/photo/my-images/192/unledpan.jpg/ 28. An industry comprised of 40 firms, none of which has more than 3 percent of the… read more
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25. Other things equal, if the prices of a firms variable
25. Other things equal, if the prices of a firm's variable inputs were to fall: Answer one could not predict how unit costs of production would be affected. marginal cost, average variable cost, and a… read more
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28.http //imageshack.us/photo/my-images/685/unledgcd.jpg/ 29.http //imageshack.us/photo
28.http://imageshack.us/photo/my-images/685/unledgcd.jpg/ 29.http://imageshack.us/photo/my-images/825/unledkoe.jpg/ 30.Economic systems differ according to what two main characteristics? Answer Who ow… read more
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23.The purchase by an American firm of the right to produce
23.The purchase by an American firm of the right to produce a prescription drug patented in Germany best illustrates a: Answer trade flow. capital flow. goods and services flow. technology flow. 24.Th… read more
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20.Which of the following is a distinguishing feature of a
20.Which of the following is a distinguishing feature of a market system? Answer public ownership of all capital. central planning. wide-spread private ownership of capital. a circular flow of goods, … read more
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23. In order to study the macroeconomy we must combine the
23. In order to study the macroeconomy we must combine the prices and quantities generated in single-product markets into broad aggregates. Answer True False 24. http://imageshack.us/photo/my-images/7… read more
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I have a set of Economic questions. I will post individually
I have a set of Economic questions. I will post individually so you get credit for each one. They are multiple choice. Help please… read more
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