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using supply and demand illustrations and assuming competitive markets, what is the effect on equilibrium price and quantity on the virtual elimination of smoking in the population on the market for hospital services?
Determine whether each of the following would increase or decrease the opportunity cost for mothers who choose not to accept work outside the home. Explain
A bank is offering $20,000 6-month CD's for $19,500. What is the nominal annual interest rate? What is the effective annual interest rate? please give both the answers in %.
What is the present worth of the following income strings at an interest rate of 12%? (All cash flows occur at year end.)
Because of the War of the Ring, the price of a sword went up to $150. Calculate new wage and employment level in each sector. (c) Do Hobbits gain or lose if the price of a sword goes up to $150? (To answer the quest..
Currently, the island of Guam does not have a minimum wage need but uses the United States minimum wage as a reference. Give a theoretical justification for why imposition of a $5.15 minimum wage.
I understand the three types of unemployment are: frictional unemployment, seasonal unemployment, and structural unemployment.
What would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision.
Does the Central Bank control all determinants of change in the monetary base?
Roger spends all of his money on racquetballs and food. What would happen to Roger's budget line if his income increased by 10 percent, holding prices constant a)it would shift inward b)it would pivot about the axis for foodc)it would pivot about t..
Recent data reveals that the price of balsamic vinegar and the quantity of balsamic vinegar consumed have decreased. Which of the following would cause an unambiguous decrease in the quantity of balsamic vinegar
Using the monetary tool(s) of your choice what would you do? You need to graph a money demand and supply graph, an Investment graph, and a GDP graph to show how monetary policy effects GDP.
if unit labor costs in Spain and Portugal rise, but unit labor costs in Germany decline and other producer prices remain unchanged, what effect should these factors by themselves have on export trade and why
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