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We are deeply indebted to the young men and women in the military who choose to serve and risk their lives for their country. All of us benefit from their sacrifices. Now, the question is: what motivates and incentivizes soldiers to risk their lives? Most armies would be finished if each soldier on the battlefield started to make a purely rational calculation of the costs and the benefits of risking his/her own life. So how can the commanders of an army motivate its soldiers to risk their lives for their country? In other words, what are the various devices that can motivate and incentivize soldiers to risk their lives for their country?
A U.S. government bond matures in 10 years. Its quoted price is now 96.4, which means the buyer will pay $96.40 per $100 of the bond’s face value. The bond pays 5% interest on its face value each year. If $10,000 (the face value) worth of these bonds..
What is the value of an investment that will pay investors 8,690 dollars per year for 5 years and will also pay investors an additional 9,650 dollars in 3 year(s) from today if the expected return for the investment is 11.15 percent per year and the ..
Imagine you come back to your economics class in the year 2050. How will the textbook describe money and banking? Based on trends you see today, make a prediction for the future of money. Explain why you think this trend will occur and how it will af..
The country of Meditor uses the merit as its currency. What were its consumption and government expenditures on goods and services.
What evidence have you discovered that points to the Classical, Keynesian, and Monetarist theories being debated today? What is supply-side economics? Does it oppose the Classical, Keynesian, or Monetarist theory? How does supply-side economics affec..
As a general rule, is it safe to assume that a lower interest rate will encourage significantly lower financial savings for all individuals? Explain.
In which instance will total revenue decline?
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential? Does a monopolist achieve efficiency..
If government imposes a $5 specific tax to be collected from sellers, what is the price consumers will pay. Explain how much tax revenue is collected.
What is the process by which a recessionary gap closes itself? Explain. Why might this self-correcting mechanism work slowly in the face of a recessionary gap?
Fill in the column of marginal products. What pattern do you see. How might you explain it. Compare the column for average total cost and the column for marginal cost. Explain the relationship.
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