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During the past year, gasoline prices have been very volatile. One reason given for at least some of the volatility is the threat of war between Israel and Iran. More recently, there has been a report of serious fire damage to Venezuela's largest refinery. Explain how this event may affect the price of gasoline.
Suppose George made $20,000 last year and he lives I n the country of Harmony. The way Harmony levies income taxes, each citizen must pay 10% in taxes on their first $10,000 in earnings and then 50% in taxes on anything else they may earn. So given t..
There is a new small entrepreneurial solar power business in town. In today’s competitive environment, partners are struggling with a series of management and environmental issues. For example; finding the right target market that would respond the b..
if the required reserve ratio is 10 percent, what is the monentary multiplier? if the monetary multiplier is 4, what is the required reserve ratio?
Analyze how trends impact the organizational strategy of Procter & Gamble. Evaluate the context of the global market, including sensitivity to economic and cultural diversity, for the impact on an organization's strategy. Evaluate leading edge or con..
Assume all fixed costs are sunk. The short run supply curve for a perfectly competitive firm is
Alchemy allows the other firms to sell as much as they wish at the established price and supplies the remainder of the demand itself.
Why the coming recovery will hurt like hell? What do you need to know about globalization? What is the best way to prepare for your future so that you can better deal with globalization?
If the Japanese central bank maintains the disequilibrium fixed exchange rate of 150 yen per U.S. dollar, what happens to Japan's foreign reserves?
What is the liquidity trap and why is it so dangerous? How does expected deflation set a floor on the real interest rate that the Fed can set? Why is fiscal policy crucial in a liquidity trap? What is meant by a deflationary spiral.
How did World War II end the age of European colonialism and empire and usher in the Cold War? Why did European political and economic dominance decline between 1945 and 1979 yet the ideologies produced on this small continent continue to have such p..
Cyclical budget balance of the US government explains what should be the budget situation over the expected business cycle of the US economy. Therefore, cyclical budget balance =
Good X and good Y are complements. U(X, Y) = min (5X, 4Y). Price of X is $5 and price of Y is $4. The total income is $80. Write the consumption ratio of good X and good Y. Write the budget constraint.
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