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Sandy could take a job paying $10,000 a year when she graduates from high school, or she can go to college and pay $9,000 a year for tuition. Measured in dollars, what is her opportunity cost of going to college next year?
The rise in the US trade deficit during the 1980s was due largely to the rise in the US budget deficit. On the other hand, the popular press sometimes claims that the increased trade deficit resulted from a decline in the quality of US products relat..
In the summer of 1972, due to extensive crop failure in the (former) Soviet Union, Russia spent over $1 billion to purchase American wheat. Since the American crop had been completely harvested when the Russian deal was made, American farmers were un..
Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years. Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, cos..
Due to ever-accelerating technological growth, _________________ unemployment is on the rise worldwide.
A cash flow profile starts with $2,000 and increases by $1,000 each year up to $21,000 at time 20. Then, it starts again with $21,000 at time 21 and decreases by $1,000 each year to $2,000 at year 40. Convert the cash flow profile to an equivalent gr..
After getting an A on your economics exam, you decide to go to your favourite Mexican restaurant to celebrate. You are having trouble deciding whether to order the chipotle chicken chimichanga or the cilantro seafood enchiladas. Use the rule of equal..
Which of the following variables would you use in a regression analysis in order to find a signifcant correlation with exchange rate pound/dollar (Y variable).
Suppose in Fiscalville there is a 0 percent tax on the first $10,000 of income, but a 15 percent tax on earnings between $10,000 and $20,000 and a 30 percent tax on income between $20,000 and $30,000. Any income above $30,000 is taxed at 45 percent. ..
When we study technology we should consider how technology is changing and how those changes affect the world around us. Considering how the world into which someone was born in 1955 was different in 2015 when that person would turn 65. What changes ..
ou are going to buy a new car worth $24,500. The dealer computes your monthly payment to be $514.55 for 60 months of financing. What is the dealer’s effective rate of return on this loan transaction?
Economists generally believe, and teach their students, that competitive markets (in the sense that we use the term technically) are the best. Why is this the case and why are these markets considered to be superior to monopolies, provide an example ..
Jay Wechsler agrees to purchase a car from a local dealer, the Con Car Co. The purchase price is $15,000. Jay has the cash to pay the entire amount and wants to do so. Con's sales manager ises the following argument to convince him to finance the car..
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