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If a popular TV show on personal finance convinces more Americans about the importance of saving for retirement, the ________ curve for loanable funds would shift, driving the equilibrium interest rate ________.
a. supply, up
b. supply, down
c. demand, up
d. demand, down
The income elasticities of demand for movies, dental services, and cloting have been estimated to be +3.4, +1, and +.5, respectively. Interpret these coefficients. What does it mean if an income-elasticity coefficient is negative?
How much must be deposited each month for 9 months at an interest rate of 6.9% per month to allow for a single withdrawal of $50,854.48 at the same time as the last deposit?
Assume consumer tastes shift toward the consumption of apples. Which of the following statements is an accurate description of the impact of this event on the market for apples.
Which of the following statements is generally True about information products?
Using examples from your personal experience or work experience, how would you explain the difference between quantity demanded and demand (or quantity supplied and supply) to someone who has not studied Economics? Based on your example, why is the d..
Suppose that the adult population is 152 million, the number of unemployed is 19 million and the labor force participation rate 63%. What is the unemployment rate?
Consider a production cooperative wish just two farmers. Each farmers chooses independently how much labor to supply to the cooperative. Each unit of labor is supplied at an opportunity cost of w. output is produced by means of a standard production ..
q.suppose two individuals smith and jones each have 10 hours of labour to devote to producing either ice cream x or
Students are required to write an essay on a significant, recent economic event or activity and discuss an economic activity or event of interest and apply it to theoretical models and economic laws introduced during your study of topics.
Suppose the government of a desert community wants to punish excessive water usage, where "excessive" is defined as any usage greater than 100 gallons/week. to do this, the government paces a flat $100 income tax on anyone who consumes more than 100 ..
Does Defense Spending include transfer payments? Does Welfare (TANF) include transfer payments? Does Interest payments on government debt include transfer payments? Does social security include transfer payments?
While Greece needs help, the German economy has also suffered major recession itself. As an advisor, how would you advise the chancellor: to bail out or kick out Greece? As a German taxpayer, are you willing to pay higher taxes to help Greece? What a..
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