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Describe how the price system answers the five fundamental questions of economics, and discuss at least two of the short-comings of the capitalist price and market system.
Is it possible for a college professor to receive economic rent If so, how would the amount of economic be measured Note that economic rent in the labor market is sometimes referred to as quasi-rent in order to distinguish it from the return that ..
The buyer wants to have an interest rate profit of 8% compounded semiannually
Your boss tells you that the price elasticity of demand for hospital services is inelastic and therefore if you change the price there will be no change in the demand for hospital services. Explain whether she is correct or incorrect.
What factors can contribute to unemployment and how can technology lead to greater unemployment, or is it a benefit to the economy?
"If you are the curator of a museum that charges a fee to enter and your boss wants you to increase revenue, what price change do you make?"
Give a numerical example to show that a monopolist's marinal revenue can be upward-slping over prt of its range
how do you define social diversity and business ethics? how has a more diversified labor force affected the corporate
Why is the banking system in the United States referred to as a fractional reserve bank system? What is the role of deposit insurance in a fractional reserve system?
Determine the impact of the increase in the price of soybeans on the rental rate of land and determine the impact of the increase in the price of soybeans on the welfare (real wage) of labor.
Can anyone discover how the Consumer Price Index (CPI), primary measure of inflation used through the government, is computed?
During the oil crisis in the 1970s, long lines at gas stations disappeared soon after price controls were removed and gas prices were permitted to rise. Should this even be interpreted as evidence that the oil companies have monopoly power Why or..
all other factors held constant what would be the effect on the demand for money m1 of each of the following
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