Economics

The Gini ratio in Brazil was over 0.6 in 1990 and fell to 0.5 in 2010. This change means that over ...

Started by tnt_battle

If the market illustrated in the above figure was a perfectly competitive market with the MC curve ...

Started by Pineapplelove6

In the figure above, if the market for jackets were perfectly competitive, in long-run equilibrium, ...

Started by geoffrey

What are the two views of fairness? How does each view redistribution of income from the rich to the ...

Started by renzo156

The most direct way in which money eliminates the need for a double coincidence of wants is through ...

Started by ahriuashd

In the figure above, what is Gap's excess capacity? A) 32 jackets per day B) zero C) 4 jackets ...

Started by formula1

Why does it make sense for economies to specialize according to comparative advantage and trade? ...

Started by abern

In the above figure, the average variable cost curve is curve A) A. B) B. C) C. D) ...

Started by james0929

Left shoes and right shoes are perfect complements. An indifference curve for left and right shoes ...

Started by pepyto

By human capital, economists mean A) machines that replace humans. B) machines engineered to ...

Started by hbsimmons88

A firm finds that it can produce several different goods at a lower average cost by using some of ...

Started by geodog55

Using the market shares in the table above, if Big W wants to buy Widgette, the Federal Trade ...

Started by fahad

Does the fact that the price elasticity for food is inelastic violate the law of demand? What ...

Started by Jkov05

How does the elasticity of demand for labor affect the deadweight loss from an increase in the ...

Started by dbose

A recent article suggests that the introduction of the new iPhone 6 increased the demand for iPhone ...

Started by mspears3

Unions support minimum wage laws, because A) union workers are typically paid the minimum wage. ...

Started by fagboi

Discuss the inefficiencies created by a price floor. What will be an ideal ...

Started by Evvie72

Water is cheap and diamonds are expensive because water has a ________, and diamonds have a ...

Started by fahad

Credit cards are not part of the nation's money supply. Indicate whether the statement is true or ...

Started by OSWALD

What happens to the price elasticity of demand moving down along a downward-sloping, linear demand ...

Started by renzo156

Farmers can use their land to grow soy beans or corn. If the price of corn rises, A) the supply ...

Started by dmcintosh

John's utility of wealth curve is shown in the above figure. He currently has wealth of 20,000, and ...

Started by james9437

The figure above shows a nation's production possibilities frontier for apples and oranges. a) ...

Started by tatyanajohnson

Water has a ________ marginal utility and brings a ________ consumer surplus; diamonds have a ...

Started by mynx

High-skilled workers have A) a lower value of marginal product because they have higher wages. ...

Started by moongchi