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When Ronald Reagan died in 2004, he was widely hailed as one of the greatest American presidents and credited with ending (and winning) the Cold War. In this week's discussion, explain if these views are true or not. Write a minimum of two paragraphs for the following discussion prompt:
Evaluate Ronald Reagan's legacy in the United States and in international affairs.
What were his administration's most significant domestic and international achievements? Failures?
David black, representing the management of the automobile manufacturers disagreed with McDonald's assessment. Black cited studies that indicated price elasticity's ranging from 0.5 to 1.5.
How many homes should be built in a new residential area. The firm has some monopoly power in its local market. Its demand is estimated to be Q = 10 - 1/6 P. What is the revenue-maximizing price and quantity? Explain. What is the profit-maximizing pr..
During recent years, MicroChips Corp. has enjoyed substantial economic profits derived from patents covering a wide range of inventions and innovations for microprocessors used in high-performance desktop computers. Calculate the profit-maximizing pr..
The initial money supply is $10,000. If the reserve requirement is 100% and people hold $1000 in currency and $9000 in demand deposits, what is the money supply? what is the money supply? What would the money supply be if banks held only the required..
The solution to principal-agent problem ensures that the firm is operating
explain why an increase in the wage rate for autoworkers will generate more of a negative employment response in the long run than in the short run
Information Resources, Inc. (IRI), collects data on consumer packaged goods at 32,000 scanner checkout counters and in panel surveys of 70,000 households. What expenses explain the difference between 43 percent and 29 percent? What percentage change ..
Show the total and marginal products and indicate at each level of production whether the production function exhibits increasing, constant, or diminishing marginal productivity.
Assume that the reserve requirement is 20 percent. Also assume that banks do not hold excess reserves and there is no cash held by the public. The Federal Reserve decides that it wants to expand the money supply by $ 40 million dollars. If the Fed is..
This problem asks you to evaluate the e?ects of trade versus integration in a HOS model. There are two goods, food and clothing. Food and Clothing are made using capital and labor. What is the relative price of clothing in the integrated economy? How..
In Music Ville, the price elasticity of demand for CD players is 1.3, the income elasticity of demand for CD players is 0.4, and the cross elasticity of demand for CD players with respect to MP3's is 0.1. If incomes in Music Ville increase by 15% wit..
Draw the demand and supply curves for the market for pediatric visits. Label the curves and the axes with titles, and calculate and label the equilibrium price and quantity.
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