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Did Rockefeller raise or lower the price of oil for consumers? Did he increase or decrease access to oil? What impact did this change have on the living experience of consumers? In particular, were wealthy consumers or poor consumers impacted more?
Assume that no banks hold excess reserves, and the public holds no currency. If a bank sells a $100 security to the Fed, explain what happens to this bank and three additional steps in the deposit expansion process, assuming a 10% reserve requirement..
Why do sale of used goods do not add to income of a country in a particular year? If you think of income as the inflow in your bank account. All outflows are just expenditures. So I think of income as how much stuff can someone buy in a particulate y..
Arian is about to borrow $2,000 from his uncle. He has an option to repay the loan at the end of year 5 with 7.55% simple interest per year or with 8.4% interest per year, compounded every 6 months. What is the difference of the total interest paid o..
Global studios are thinking of producing a mega film, Aqua world, which could be a mega hit or a mega flop.
Growth rates in follower nations such as South Korea also Hong Kong averaged about 10 percent every year.
Percy’s “The Loss of the Creature” provides a rather provocative way to end a semester of reading, writing and thinking about education. Write a 4-5 page essay in which you consider Percy’s ideas as they apply to a student living in a developed cultu..
The legislative branch of the American government is bicameral. In a minimum of at least two well-written paragraphs, define and discuss the advantages of a bicameral legislature, including how and why this came about. Reference should be made to the..
Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0.4q. Marginal extraction cost = $2. r = 20%. The available supply is 20 units. Calculate the allocation of outputs across the two periods that maximizes the present valu..
In the text, Costa Rica devised a strategic trade policy to accomplish what goals?
The goals of the _________ are to increase economic self-support and self-sufficiency, reduce abuse and neglect of children and adults, reduce inappropriate institutional care, and secure institutional care when needed. a. Social Services Block Grant..
There is a potential entrant, who needs to pay a sunk cost of f to enter in this market. Firms may produce any quantity that does not exceed its capacity.
Exchange rates, in simple terms, is the valuation of 1 currency in relation to a second currency. As many of you have stated, various factors play into this valuation from interest rates, inflation rates, expectations (economic growth, consumer spend..
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