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What movements in in supply and demand would be consistent with the increase in Banana prices ( prices increased due to heavy rains washing out banana crops for that year)? Discuss the factors and mechanisms that have causes these patterns of price change.
Explain how many units of labour will Valentines hire. What wage per unit of labour will Valentines pay.
Regarding behavioral economics and social regulation: A. How has research in behavioral economics contributed to new and better social regulations? B. By definition, social regulations limit individual freedom and are paternalistic. Explain how a pol..
Which of the following terms describes a phenomenon whereby individuals ignore their own information about the best course of action and instead simply do what everyone else is doing? What type of performance measurement based process was used to det..
Elucidate how would this increase in confidence affect the value of the dollar. Elucidate how would it affect the trade deficit.
The first national bank received 3,000 inquiries following the latest advertisement describing its 30-month IRA accounts in the Boston World, a local newspaper. Assuming that additional ads would generate similar response rates, is the bank running a..
It is important to remember that in a communist society difference between value of machine and value of labour-power replaced by it will always vary. Are you still thinking that Capital is blueprint for society.
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
Expansionary monetary or fiscal policy would most likely be effective in reducing which type of unemployment? .Frictional unemployment
Construct a diagram of the model of the CIRCULAR FLOW OF INCOME for today in the U.S.. Make sure that you include Households, Businesses, Government and the Banking System. Show where Costs of Living, Consumer's Income, Business Receipts and Costs of..
Application Coal mining believes that it can increase labour productivity and, therefore, net revenue by reducing air pollution in its mines. Explain how much pollution reduction should Appalachian Coal Mining Undertake.
A company with 100 employees decides to offer its employees medical insurance administered by a major health company, but funded totally by the employer—i.e., it self-insurance. The CEO is furious with his HR director who told him that, given their h..
Carl is considering attending a concert with a ticket price of $35. He estimates that the cost of driving to the concert and parking there will total an additional $20. In order to attend the concert, Carl will have to take time off from his part-tim..
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