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If European central banks were to charge interest on excess reserves held in Europe while the Fed continued to pay interest on excess reserves held in the United States, why might we expect an increased flow of funds from banks in Europe to their U.S. branches?
Suppose that four 85-octane gasoline pumps and three 89-octane gasoline pumps provide as much profit at a local convinience store in five days as three 85-octane pumps and five 89-octane pumps provide in four days. Which gasoline pump produces greate..
Suppose you were the economic advisor to the leader of a small, developing country. What advice would you give him or her with respect to how the country could raise the productivity of its labor force?
Explain why is the supply of physicians a major cause of concern. What is the quintity of aprtments demaneded, and what is the quanitity of apartments supplied.
What are the MPC and APC all about? Compare and contrast these concepts? is it better to have a high propensity to consume or lower? Which people fit the high versus the low category?
Suppose industry abatement costs rise from $850 million in 2004 to $1,000 million in 2005 in nominal terms and that the CPI is 100 in 2004 and 106 in 2005. Evaluate the change in costs over the period in real terms, first in 2004 dollars and then in ..
Which of the following is (are) true about the loanable funds market?
Which of the following might most closely represent a monopolist? In a monopolistic labor market, the marginal-factor-cost curve is
There were 13,249 weddings in Springs City last year. According to state records, notaries public performed 17% of the weddings. How many weddings were not performed by notaries public?
If Social Security were considered part of the general budget then,
Increasingly, employees are being allowed to choose benefit packages from a menu of items. For instance, workers may be given a package of benefits that includes basic and optional items. How do you think flexible benefit packages would affect an emp..
When price of gasoline increases significantly, why should the market price of small automobiles (e.g. Mini Cooper, Smart Car, etc.) also increase? In addition to showing the demand-supply graphs, also explain the reasons for any shift in supply and/..
Assume that there are three types of teams in Major League Baseball: large market, medium market and small market. Each of these types has ten teams for a total of 30 teams. The demand function for each type of team is: What is the price Major League..
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