Newest Economy Questions | Wyzant Ask An Expert

11/19/21

AP microeconomics question (can someone explain the answer please? thanks!)

To maximize profit, a firm should produce the quantity at which marginal revenue equals marginal cost unless, in the long run, the firm woulda) earn positive accounting profit.b) earn positive... more

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Economy Economics Microeconomics Ap Economics

11/08/21

ap economics question (can someone explain why? thanks)

Which of the following is the most likely to be a regressive tax?a) a sales tax on all goodsb) a tax of $1,000 per personc) a personal income tax of 25% on all incomed) a personal income tax of 15%... more

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Economy Economics Microeconomics Ap Economics

11/08/21

ap micro econ question (can someone explain this to me?)

A second of which of the following is the most likely to provide more marginal utility than the first?a) mailboxb) t-shirtc) shoed) care) refrigerator

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Economy Economics Microeconomics Econ

10/31/21

micro economics question

Suppose there is a decrease in the price of swimsuits and no change in the market demand curve for swimsuits. Who receives the resulting increase in consumer surplus?a) Buyers who did, and who did... more

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Economy Economics Microeconomics Econ

10/22/21

economy questions

By convention, a price elasticity of demand of 5 indicates that a 1% increase in price leads to a in the quantity demanded. (Answer is e, but I want to know why it's the answer)a) 0.2% decreaseb)... more

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Economy Economics Microeconomics Econ

10/22/21

ap economy question

Which of the following statements is true? (answer is b but please explain why)a) Normal goods and inferior goods differ in regard to the direction of the substitution effect caused by a price... more

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Economy Geography Logistics Transport Geography

10/19/21

What geographical and economic factor have prompted the government of Bahrain to build the new airport terminal?

Two factors for economic purposes, and two geographical factors.

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Economy Career Development Risk Management Survival

09/11/21

Professional Safety

If personal safety is protection from harm, hurt, victimization, carelessness, recklessness, violence etc., etc., then what might possibly be professional safety?

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Economy Microeconomics

03/18/21

Microeconomy Question

Consider a production function of the formf(x1,x2) = x1α + x2αwith 0 < α.1. For which values of α will this exhibit constant, increasing and decreasing Returns to Scale? 2. What... more

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Economy Government & Politics Economics Speech

02/13/20

Are unhealthy eating habits the result of economic hardships?

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Economy Microeconomics

08/14/19

What are the four types of unemployment mentioned in general?

Explain unemployment. In terms of how an economy works, one thing leads to another. There are different reasons why people are unemployed; they may not even be looking for work.

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Economy Political Science Taxes Political Theory

07/24/19

What ethical (if any) or economical arguments are offered in defense of the inheritance tax?

Although I am normally quite supportive of higher taxation, I've never really felt comfortable with the inheritance tax. I see no reason why the government should tax the money a parent wishes to... more

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Economy American History Cold War United States

06/29/19

What factors contributed to the U.S economy flourishing during the early cold war period?

Wars, cold or otherwise, are bad for economies, right? So why did the American economy flourish during the early Cold War period (shortly after World War II)? Could anyone help me identify some... more

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Economy American History United States Great Depression

05/25/19

How were FDR's economic policies as Governor of New York contradictory?

I have read in a number of Roosevelt's biographies that as Governor of New York, Roosevelt was not so aware of how economics works. He recognized that radical change was needed to respond to the... more

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Economy Social Studies Social Welfare Political Theory

05/21/19

But without government, who will take care of the poor?

Without government, who will take care of the poor? One government defines [poverty](http://www.census.gov/hhes/www/poverty/about/overview/measure.html) as $11,888/yr for an individual.

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Economy American History Law United States

05/17/19

How did the Supreme Court case Lochner vs. New York influence the U.S. economy?

How did the Lochner vs. New York case affect the U.S. economy at the time?

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Economy Government & Politics Government Currency

05/14/19

Is it possible to create a single global government, economy and currency?

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Economy Government & Politics Government United States

04/06/19

If Jim, a random citizen, owes TD Bank $300,000 for his house mortgage, is this added to the U.S. national debt?

According to [Wikipedia](https://en.wikipedia.org/wiki/National_debt_of_the_United_States): National debt consists of two components. The first is > *Debt held by the public*, such as Treasury... more

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Economy European History Europe India

04/04/19

How close were the living standards of India compared to England during the medieval period?

India, China and the African continent today are mostly associated with poverty in Europe, the US and so on. Looking at India specifically, did it during the medieval era share a similar standard... more

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Economy Geography Cities Mexico

03/29/19

What is so special about the location of Mexico City?

Since 1325, the area we know today as Mexico City has held some sort of cultural or historical bond. The bond is so strong that, no matter what, no matter how bad a shape the country gets, they... more

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Economy American History Japan United States

03/26/19

Where did Japan get their oil during WWII?

To my understanding the United States was the largest exporter of oil to the Japanese prior to Pearl Harbor. The Japanese islands aren't known for their oil fields. It's also believed that the... more

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Economy American History Government United States

03/18/19

Gold Confiscation Act of 1933?

On March 9, 1933 Franklin D. Roosevelt (FDR) called Congress in for an emergency session, which would result in the speedy passing of the **Gold Confiscation Act**. According to FDR's Executive... more

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Economy Economics Algebra Economics 100

05/15/18

How do I calculate interest rates?

what is the interest rate given on a simple loan of 12000 given: Principal 1200, Interest rate 5.5, Time 6 years

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Economy Economics Macroeconomics Macro

04/17/16

If the MPC is 0.75 and investment spending increased by $20 billion, then the increase in GDP will be $

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Economy Economics Macroeconomics Macro

04/17/16

GDP to increase by $160 billion. If the MPC is 0.80, to reach the President’s goal government spending must increase by $

Assume you are an economist working on the President’s Council of Economic Advisors. The President wants the U.S. GDP to increase by $160 billion. If the MPC is 0.80, to reach the President’s goal... more

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