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The impact of Germany's economic contraction on global marketsPresident Trump’s biggest achievement has been the revival of faster U.S. economic growth, but past performance is no guarantee of future results. The White House should be worried about growing economic strains in the rest of the world, and policy makers need to prepare.The U.S. is not an island. For now the American economy and especially the labor market seem strong as tax reform and deregulation unleash animal spirits. Bu...
Get AnswerCalculation of Consumer Surplus, Producer Surplus, and Total Surplus before Instituting a Price FloorIn a perfectly competitive market, the equilibrium price and quantity represent the most efficient operation of that market. Optimum efficiency means that sellers cannot be made better off without, at the same time, making buyers worse off, and that buyers cannot be made better off, without making the sellers worse off. This assignment presents a scenario in which a government tries to improve...
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