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Some econmic historians have noted that during the period of gold standard, when the value of the US dollar was tied to the value of gold, gold discoveries were most likely to occur after a long delationary period (The discoveries of 1896 are an example). Why might this be true?
When Nick and his co-workers refused to accept pay cuts, his employer outsourced their programming tasks to workers in another country. This phenomenon is occurring throughout the programming industry.
Suppose the price of the good is initially $100. What is the price elasticity of demand at this point? (Hint: What happens to the quantity demanded when the price drops by 10%?)
Many observers believe that the levels of pollutionin our society are too high. Economists argue that appropriate correctivetaxes or tradable pollution rights will resultin efficient pollution reduction. How dothese approaches target the firms that..
What are the short- and long-term economic benefits and costs associated with our current high federal government budget deficits Do you think the economic benefits outweigh the economic costs, or not If we wished to reduce the budget deficit then h..
Do you really believe that there are certain common characteristics or traits of American managers that have led to moral or ethical decline in United State business over recent years and thus business scandals?
Statsia has only 20 hours per week that she can devote to trainingfor her race." which basic principle of individual choice does this sentence bestillustrate?
Suppose the demand for a product is given by P = 30 – 3Q. Also, the supply is given by P = 10 + Q.
Draw what would happen to equilibrium if both supply and demand shifted to the right at the same.What happens to equilibrium quantity and price?
Advanced MUa = z=10-x and MUb = z = 21 - 2y, where z in marginal utility per dollar in the amount spent on product A, and y is the amount spent on product B.
In the late 1990's "mad cow" disease caused people to buy less beef. It also caused the European Union to ban imported British beef and the British government to ban the sale of older cattle. What is the effect of the above on price and quantity o..
The only other costs associated with manufacturing and distributing Brand X chips are the costs of raw potatoes, peanut oil, and bags; last year FoodMax spent $2.8 million on these items, which were purchased in competitive input markets. Based on..
A software package created by Navarro & Associates can be usedfor analyzing and designing three-sided guyed towers and three- andfour-sided self-supporting towers. A single-user licence willcost 546 per year.
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