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Templeton has just invested $9,260 for his daughter age one. This money will be used for her college education 18 years from now. He calculates that he will need $71,231 by the time she starts college. What rate of return will templeton need in order to achieve this goal.
the law of demand states thata. consumers buy a good based on many other factors other than the price of the goodb.
the economy of the Shire that produces cereals and swords each industry employs Hobbits, but land is specific to the production of cereals, and metal is a specific factor in the sword industry.
How much profit does an individual producer make in a month? Is this a long-run equilibrium? If the answer is yes, simply state that it is a long-run equilibrium. If the answer is no, explain whether or not the equilibrium price will rise or fa..
In the fall of 1999, Ivy College raised tuition by 1%. The following term the college saw enrollment drop by half. Which of the following best describes this situation: a.The demand curve for Ivy a College degree shifted to the left b. The supply o..
Perfect competition guarantees allocative efficiency. A profit-maximizing monopolist can never be allocatively efficient.
Define the US Bureau of Labor Statistics official unemployment rate and briefly explain major shortcomings of the official unemployment rate.
Consider two economies, one with a relatively flat aggregate supply curve and one with a relatively steep aggregate supply curve. In which economy will the governement have more succes in raising GDP by increasing its spending? What factors do you..
If domestic price of oranges is $3.00 per pound and the world price is $2.50 per poundf and if the nation allows unrestricted trade, what will be the result to consumer and producer surplus?
There are six equally productive individuals on the island. Each person can gather 25 coconuts in one day or build one hut in a day.
Assume there are only two automobile companies, Ford and Chevrolet. Ford believes that Chevrolet will match any value it sets, but Chevrolet too is interested in maximizing profit.
Assume the US increases tariff on automobiles imported from Germany and other foreign nations. Determine the effect of this tariff-rate increase on
Suppose that initially G is $100 and equilibrium real GDP demanded is $1,000. If the multiplier is 4 & G increases to $200, real GDP demanded will increase
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