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Suppose that Eleanor's preference ordering changed to the following: First choice L, second choice H, and third choice M. Are Eleanor's preferences in this case single or multiple peaked? Explain.
The current price of gold is $1,800 an ounce, and the current futures price is 1,850 an ounce. Suppose you expect the price of gold to rise and you enter a long position into a future contract to buy gold.
what impact would a change that shifts an economys production possibilities curve outward have on the long run
People sometimes argue that imports should be limited by government policy. Suppose a government quota on the quantity of imports causes net exports to rise. Using the circular flow diagram as a guide, explain why total expenditures and national o..
. Consider a consumer who is always willing to substitute four pounds of a generic store-brand sugar for two pounds of a brand-name sugar. Do these preferences exhibit a diminishing marginal rate of substitution between store-brand and producer-br..
What is the expected annual real depreciation consistent with interest parity?
sanaponic inc. will pay a dividend of 6 for each of the next 3 years 8 for each of the years 4-7 and 10 for the years
Make sure your explanation is clear and that you provide specific examples. Any quotes from the readings or external materials must include quotation marks and an in-text citation.
Presume that in an effort to help low-skill workers the government raises the permissible minimum wage to $15 per hour. Can you think of any unintended secondary effects that will result from this action? Will all low-skill workers be helped by the m..
Need both equations and clearly labeled graphs
Environmentalists discuss that trade liberalization harmful for the environment. The decisions of World Trade Organization in particular have been subject of much criticism.
The economic value which can be created by a transaction between two people, Ed (seller) and Luis (buyer), is $50 as Ed's opportunity cost of selling is $135 and Luis' valuation of the good is $185. If each gains $25 from this transaction,
many economists consider medical care a superior good. which of the following statements is true regarding a superior
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