Using the data and your own economic knowledge‚ assess the case for financing universities mainly through charging fees to their students. Charging of fees means that payments will be taken from students instead of receiving subsidies from the government. Education is a merit good as it produces positive externalities (i.e. a better educated workforce that can increase productivity of the society) and is under-consumed as a result. Alternatives to charging fees include government funding‚ gifting
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A production possibilities frontier (PPF) is a curve showing the maximum attainable combinations of two products that may be produced with available resources and current technology. At which point is the country’s future growth rate likely to be the highest? Briefly explain why. Point W (top) because it is where the most resources are used to produce capital goods. What happens if a country produces a combination of goods that efficiently uses all of the resources available in the economy? The
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[Q#2020] If buyers’ value for bicycles increase‚ the demand for bicycles will ______.a. Increase [Q#2053] A supply shortage in the market for lettuce will _______ the equlibrium price of lettuce. a. Increase [Q#2057] At any moment the equilibrium price in the market for tablet computers will be determined by ________ . c. Buyers and the sellers of tablet computers [Q#2059] The equilibrium price is also known as c. the market-clearing price. [Q#4021] Along a demand curve with a constant slope
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Heakal‚ R Igan‚ D. (2013‚ July 30). iMFdirect. Retrieved from U.S. Fiscal Policy: A Tough Balancing Act : http://blog-imfdirect.imf.org/2013/07/30/u-s-fiscal-policy-a-tough-balancing-act/ Investopedia Now and the Future. (2014). A World of possible futures. Retrieved from Forecasts: http://www.nowandfutures.com/forecast.html Oanda Shahan‚ Z. (2013‚ June 27). Clean Technica. Retrieved from Top Solar States vs Top Solar Countries (Clean Technica Exclusive): http://cleantechnica.com/2013/06/27/top-solar-states-vs-top-solar-countries-update/
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Dear Diary:Today I am very upset with myself because my wife Elizabeth has found out about my affair with Abigail. She was so mad‚ that she promptly dismissed Abigail from working at our home. Now Mary Warren works for us‚ but I have to constantly remind her that she cannot leave our house. I told her that I would whip her if she does not obey my rules. When I saw Abigail‚ I told her that I had made no promise to her during the affair after she declared that she waits for me at night. She said that
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Partial Answer Key Supply and Demand 1. Use the model of supply and demand to explain how a fall in the price of frozen yogurt would affect the price of ice cream and the quantity of ice cream sold. In your explanation‚ identify the endogenous and exogenous variables. Considering that ice cream is a close substitute for frozen yogurt‚ we would expect an inward shift of the demand curve for ice cream‚ lowering both the price and quantity of ice cream. The price of frozen yogurt is the
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Acct 2302 Chapter 9 Sample Exam Questions Exercise 184 Coliseum Company has budgeted the following unit sales: Quarter Units Qtr. 1‚ 2006 60‚000 Qtr. 2‚ 2006 50‚000 Qtr. 3‚ 2006 40‚000 Qtr. 4‚ 2006 80‚000 The finished goods inventory on hand on December 31‚ 2005 was 6‚000 units. It is the company’s policy to maintain a finished goods inventory at the end of each quarter equal to 10% of the next quarter’s anticipated sales. Instructions Prepare a production budget for the
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ACTIVITY 2.4 Q1 (A number of alternative solutions are possible) a) 1. Collected amount due from a customer (increase cash‚ decrease receivables). 2. Purchased land for cash (increase land and decrease cash). b) Paid amount due a creditor (decrease cash‚ decrease accounts payable). c) 1. Owner withdrew cash (decrease cash‚ decrease owner’s capital). 2. Paid rent (decrease cash‚ decrease owner’s capital). 3. Reflected supplies expense (decrease supplies on hand‚ decrease owner’s capital). d) Borrowed
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sales of shares hits 12‚895‚000 • October 25th‚ market rallies‚ briefly • October 29th‚ "Black Tuesday‚" recorded sales of shares hits 16‚410‚000. New York Times index of industrial stocks drops nearly forty points‚ the worst drop in Wall Street history to that point. • November 13th‚ stock market prices reach low for the year‚ with New York Times index of industrial stocks at 224 | | |1930 |May 30th‚ New York Times prints petition of 1‚028 economists (PDF) who oppose Smoot Hawley
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Carleton University Department of Economics ECON 1000 A – Introduction to Economics 2012 Summer Session (May 7 to August 15) Instructor: Brian Glabb Office: A-808 Loeb Office Hours: By Appointment E-mail: bglabb@rogers.com Objectives: This course provides an introduction to the discipline of economics‚ covering microeconomics and macroeconomics. It focuses on economic principles and concepts as well as on applications. Economic analysis is applied to a variety of contemporary
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