Which of the following is an example of economic scarcity? College students only have enough time to take a certain number of courses per semester Clowns are difficult to hire for children's birthday parties Computer programmers are difficult to find in Tucson A PPF model that shifts rightward Bill Gates has enough money to purchase anything he wants

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A: (a) AD curve slopes negative as we can see from the function because of the wealth impact on the…

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A: Monopolistic competition basically refers to a market system in which numerous enterprises compete…

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A: Note: We will answer the first question as the exact one was not specified. Please resubmit a new…

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A: *Answer:

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A:

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A: *Answer:

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A: The term federal is related to the involvement of government.

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A: In short run, each and every firm focus to recover variable cost and ready to bear fixed cost .

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A: The graph shows that to hire more labor, the firm has to raise wage rate.

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A:

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A: A tax credit is a dollar system that taxpayers can deduct from their tax liability. Tax credits,…

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A: * ANSWER :-    (1)   From the given information the answer is provided below as ,

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Q: What is the difference between a patent and a trade secret?

A: Answer is given below

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A: Immigration   Immigration refers to the movement of people from one country to another country.…

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A: Marginal Rate of Substitution (MRS) is the rate at which one good is given up in order to get an…

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A: The current rate of economic growth= 3% Population is constant

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A: Each firm in the market operates to maximize profit

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A: Rational expectation hypothesis says that people make decisions by taking all the past experience…

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Q: Which of the following policies did the Fed follow after 2014? To unwind expansionary policy…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

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A: (1 The four key macroeconomic issues are as per the following:-         Business and joblessness…

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A: "Demand is said to be price elastic if an small change in price of a good will create a substantial…

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A: Total amount of loan = $5000, Annual interest rate = 6%  Monthly rate = 0.06/12 = 0.005 Amount paid…

Q: What is meant by Prime interest rate?

A: Prime Interest Rate is the interest rate which is determined by the federal funds rate.

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A: Answer to the question is as follows:

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A: Production function P(X,Y) = 120x4/5y1/5 Price of capital cost $3 and price of labor cost $5 and…

Q: Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells…

A: Every firm in the market works with the goal of profit maximization.

Q: graphically explain the effects of an increase in non-labour income to labour supply.

A: Labor supply is an upward sloping curve because with the increase in wages, the supply of labor…