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What are the 3 functions of money?
Sometimes, governments will set a ceiling on the price of rent for housing. What effects to price ceilings have on the housing market? Give at least three examples. Think of an example of a good that is highly elastic. What makes this good highly ela..
What are the prime rate and the federal funds rate? What are the differences between the two: prime rate and federal fund rate?
Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this initial point, the growth rate of the money supply is 5%, the growth rate of the velocity of money is 4% and that the real economic growth rate i..
A monopoly is a market in which one firm sells a good or service that has no close substitutes and a barrier blocks the entry of new firms. In addition, as noted in “Are Microsoft’s Prices Too High?", Microsoft’s prices are too high in the sense that..
Franchising in China is a relatively new and growing phenomenon which has gained momentum since the 1990s. Among the franchising pioneers in China are large and well-known food and beverage brands, such as KFC and McDonald's. What did Wang do as he p..
Calculate the gini coefficient and the coefficient of variation for each of the following distributions. [Hint: It will save significant time if you make use of the inequality principles (population, relative income, etc.) to simplify where possible...
What is the price elasticity of demand? Is demand elastic or inelastic within this range? What is the change in total revenue? Does this make sense?
A merger will likely lessen competition if
Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate (besides any mentioned in the text).
Define the importance of a Business Strategy and how quality costs and a balanced scorecard relate to it. Give a personal workplace example of quality costs.
It has losses of $5.41 million and expenses of $2.23 million. Its dividend ratio is 6.12 percent. What is ABC Corp.'s combined ratio?
Explain how import restrictions affect domestic producers and consumers. How are the concepts of producers’ surplus and consumers’ surplus useful in demonstrating these effects?
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