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Mary is a lawyer in Claremore that obtained her degree as a lawyer at the top of her class at the University of Tulsa. She worked as an administrative assistant at a law firm in Tulsa to finance her law degree. Now she is the best lawyer and best administrative assistant in Rogers County. What is her comparative advantage and what should she specialize in?
Illustrate why are second hand goods not included in the value of national income.
If planned aggregate expenditure (PAE) in an economy equals 2,000 + 0.48Y and potential output (Y*) equals 4,000, then this economy.
Survey data has been gathered from 500 hikers who visited a forst in a neighboring state. Using regression analysis, economists have controlled for differences in income, employment status, age and other important factors that might affect the number..
Assume that economy starts at equilibrium and mpc = 0.8. Illustrate what would be effect of a $500 increase in taxes once all rounds of multiplier process are complete.
Describe arbitration and discuss its advantages to litigation. Describe mediation and discuss its advantages to litigation. Describe two other forms of alternate dispute resolution and discuss their advantages to litigation.
Is the industry or industries in which the firm operates conducive to abnormally high rates of return.
A corporation issues a bond whose PAR value is 10,000 and bond rate of return is 12% annual compounded quarterly. If you plan to sell the bond at face value after 3 years and want to achieve an investment rate of return of 8% annual compounded quarte..
Participate in a discussion with your classmates regarding where you see the U.S. economy in its business cycle right now, as based on the economic concepts in the textbook. Now that we learned that the real business cycle results from fluctuations i..
Describe the effects of the sugar quota. In 2005, imports were limited to 5.3 billion pounds, which pushed the domestic price to 27 cents per pound. Suppose imports were expanded to 10 billion pounds. What would be the new U.S. domestic price? How mu..
Using three tools, (a) open market operations, (b) discount rate, and (c) reserve requirements, the Federal Reserve influences output and employment. Globalization influences the conduct of monetary policy through its powerful effects on the economic..
Illustrate graphically the effects of both policies on the market for cigarettes. In your discussion answer the following: Are these two programs at odds with the goal of reducing cigarette consumption?
Illustrate fiscal policy action might increase investment and speed economic growth.
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