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Imagine that you have critical information which must be spread throughout your organization as rapidly as possible, by word of mouth. If you have to choose exactly one of the following criteria in deciding whom to tell first, which would best further the above goal?
A. Position is an isolate
B. Maximum closeness
C. Maximum betweenness
D. Maximum degree
E. Position is a pendant
Using the supply-and-demand model, explain what would happen to the supply curve during a drought. Also explain the effect on the price of water as illustrated by the graph.
Consider replacing the current U.S. economic system with a system where everyone is paid exactly the same salary. Assume that each family would receive an equal share of GDP. For a typical four-person household, this would be over $90,000. Would you ..
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. Which of the following would ..
Suppose the firms in a monopolistically competitive market are earning positive economic profits. What will happen to move the market to its long-run equilibrium?
Ten years ago, a person deposited $2,000 into an account that paid 5% simple interest for the first four years and then it paid 6% compounded monthly for the remaining six years. The amount in the account at the end of the ten-year period is closest ..
Juanita maintains the only greenhouse in isolated Point Barrow, Alaska, and therefore has a monopoly on the sale of fresh flowers. Her hired-gun statistician estimates that the elasticity of demand for her flowers is -0.5. Is Juanita maximizing her p..
In November 1999, the U.S. and China reached a trade agreement, which led to the flooding of U.S. market with cheap Chinese products. Since then, Walmart, as one of the main importers of the Chinese products to the United States, has become the large..
What does the term "INTEREST RATE INVERSION" refer to? For the past several years, the Federal Reserve System has forced short-term interest rates to nearly zero. Why has it not been able to do the same for long-term interest rates? Explain.
The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some disagreement as to whether the government should attempt to stabilize the economy. Which of the following are arguments i..
What are your thoughts about the role of international institutions ( WTO, IMF and World Bank) on providing order and reducing uncertainty in the global economy?
Ben’s preferences are represented by the marginal rate of substitution MRS = 2y/x. His income is I = 180. The market prices are Px = 3 and Py = 1. What is his optimal consumption basket?
The average 50 year old worker is paid several times more than workers in the teens and 20's. Older workers have more human capital and higher MRP's Employers engage in widespread discrimination against younger workers Young people lack information a..
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