Be my new best friend

Think about the items and services that you and your family buy or consume. what causes you to pay the prices that you do for these goods and services? what determines the price that's on the price tag? what goes into determining, or setting, that price? consider all the possible elements that could influence the prices you pay.

Who is responsible for maintaining a balanced state budget

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.