Tài liệu Ten Principles of Economics - Part 56 pdf

... Second, debt financing of wars shifts part of the cost of wars to fu- ture generations, who will have to pay off the government debt. This is argu- ably a fair distribution of the burden, for future ... 555 stock, p. 556 financial intermediaries, p. 556 mutual fund, p. 558 national saving (saving), p. 562 private saving, p. 562 public saving, p. 562 budget surplus, p. 562...

Ngày tải lên: 15/12/2013, 11:15

... opportunity cost of producing 1 pound of meat is 2 pounds of potatoes. Explain why the rancher’s opportunity cost of producing 1 pound of meat is 1/8 pound of potatoes. 2. Maria can read 20 pages of economics ... pound of potatoes costs the rancher 8 pounds of meat, 1 pound of meat costs the rancher 1/8 pound of potatoes. Similarly, because 1 pound of potatoes costs...

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... 10 3.00 5 8 13 78 PART TWO SUPPLY AND DEMAND I: HOW MARKETS WORK Ben’s Supply Price of Ice-Cream Cone Price of Ice-Cream Cone ؉ Jerry’s Supply 0 1 2 3 4 5 6 7 8 9 10 11 12 Quantity of Ice-Cream Cones $3.00 1.50 2.00 2.50 1.00 0.50 0 123 4567 89101112 Quantity ... Cones $3.00 1.50 2.00 2.50 1.00 0.50 0 123 4567 89101112 Quantity of Ice-Cream Cones $3.00 1.50 2.00 2.50 1.00 0.50 Price...

Ngày tải lên: 15/12/2013, 11:15

... number of births is temporarily high. How does this baby boom affect the price of baby-sitting services in 2010 and 2020? (Hint: 5-year-olds need baby-sitters, whereas 15-year-olds can be baby-sitters.) 7. ... Falls Price of Ice-Cream Cone Quantity of Ice-Cream Cones 0 New equilibrium Initial equilibrium S 1 D 1 D 2 S 2 Q 1 Q 2 P 2 P 1 (a) Price Rises, Quantity Rises Price of Ice-C...

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... VARIETY OF SUPPLY CURVES Because the price elasticity of supply measures the responsiveness of quantity sup- plied to the price, it is reflected in the appearance of the supply curve. Figure 5-6 shows ... 1). 4 Figure 5-7 H OW THE P RICE E LASTICITY OF S UPPLY C AN V ARY . Because firms often have a maximum capacity for production, the elasticity of supply may be very high a...

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... macroeconomic vari- able. One 1996 study found that inflation was the economic term mentioned most often in U.S. newspapers (far ahead of second-place finisher unemployment and third-place finisher ... the princi- ple of monetary neutrality. A worker who receives an annual raise of 10 percent tends to view that raise as a reward for her own talent and effort. When an infla- tion rate o...

Ngày tải lên: 15/12/2013, 11:15