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A quick quiz consists of a multiple-choice question with 6 possible answers followed by a multiple-choice question with 6 possible answers. If both questions are answered with random guesses, find the probability that both responses are correct.
Report the answer as a percent rounded to two decimal place accuracy. You need not enter the "%" symbol.
Probability =
For the Portfolio Project, conduct an analysis of a recent article related to United States and provide your evaluation and outcome expectations in an articulate and informative paper that discusses: Discussion about what the specific indices mean in..
Assume the Bank of Japan allowed the money supply to grow by 2% each year while the Bank of Korea chose to maintain relatively high money growth of 12% per year.
Bob and Ray are two economics majors who are sharing an apartment for the year. In a flea market they spot a 25 year old sofa that would look great in their living room. Bob's utility function for money and sofas is uB(S,MB)=(1+S)MB and Ray's utility..
A restaurant has three types of customers. A third of its customers, Type A, are willing to spend $5 on an appetizer but only $2 on a dessert. Another third, Type B, are willing to spend $3.50 on an appetizer and $3.50 on a dessert. Calculate the pro..
Given the following model: Y = C + I + G + (X-M) Question 1 Suppose that: Autonomous Consumption = $500 MPC = 0.75 Taxes = $400 Investment = $500 Government Spending = $1200 Exports = $300 Imports = $500. Suppose that full employment GNP (FE Y) is = ..
In 2014, Chesterfield Industries had sales of $1,200,000. The company had operating expenses (including depreciation) of $540,000, depreciation expense of $82,000 and interest expense of $54,000. Cost of goods sold was $280,000 and the company is sub..
Using the AD/AS model, discuss the changes to the economy that the Phillips curve explains well, and describe under what conditions the Phillips curve fails to explain economic behavior. Include graphs of the Phillips curve and the AD/AS model in you..
Assume that the U.S. interest rate is 5%, the European interest rate is 2%, andthe future expected exchange rate in 1 year is $1.224. At approximately what exchangerate will the returns between the United States and Europe be equalized?
As an advisor to the project manager, Derrick Westmuller, illustrate what set of procedures would you advise they adopt.
1. Contrast keynes and Leijonhufvut policy perspectives on recessions and depressions. 2. A "macroeconomics that is consistent with sustainability development" should adhere to the principles of which economist?
In order to counteract income inequality, it's essential to tackle poverty in an integrated way that has long-term impact.
Two software companies sell competing products. These products are substitutes, so that the number of units that either company sells is a decreasing function of its own price and an increasing function of the other product's price. Write an expressi..
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