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Q1. You have a part-time work-study job at the library that pays $10 per hour, 3 hours per day on Saturdays and Sundays. Some friends want you to join them on a weekend ski trip leaving Friday night and returning Monday morning. They estimate your share of gas, motel, lift tickets, and other expenses to be around $30.
What is your total cost for the trip? Consider - and list - both explicit and implicit costs.
Q2. Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market.
Suppose that on January 1, the price of one hundred yen was $0.80 and PPP held. Over the year, the Japanese inflation rate was 5 percent and the U.S. inflation rate was 10 percent.
The price elasticity of demand for Royal Crown Cola is equal to the price elasticity of demand for soft drinks in general It is invalid to make inter product elasticity comparison
Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy.
Caught up in broad social and economic disaster that swept the Mediterranean basin during the twelfth century BCE, what seems to have happened to the civilization of people.
The Coca-Cola Company has 40% of the cola market. Determine the probability that a sample proportion
Calculate the purchasing power parity exchange rate between the Swiss franc and the dollar. Based on your calculation, is the SF overvalued or undervalued.
Government encourage a decision to expand? How would it affect the reputation of the business?
Bud has very limited store space and has decided to limit his product line to one brand of beer, choosing to forego the snack food lines that normally accompany his business.
Avoid having developed economies regress to a Smoot-Hawley type of isolationism or protectionism to avoid job losses in import-competing sectors.
In 2003, when music downloading first took off, Universal Music slashed the prices of CDs from an average of $21 to an average of $15.
Arnett is appearing for a new Web portal to utilize to access information which interests him on Internet.
Compare and contrast the way Classical and Keynesian theory determine the Demand for Money and how it is related to the Money Supply
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