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The Setrite Corporation produces chairs. An economist working for the firm predicts that 'if people's incomes rise next year, then the demand for our chairs will increase, ceteris paribus.' The accuracy of the economist's prediction depends on whether the chairs Setrite produce:
a) have many complementary goods.
b) have few complementary goods.
c) are normal goods.
d) have few substitutes
Allan Sports sells snowmobiles in a Northern Suburb of the Twin Cities. For the third year in a row sales have been dismal.
Calculate the change in the bank’s excess reserves when the required reserve ratio on checkable deposits is 14%.
the macburger company a chain of fast food restuarants expect to earn 200 million after taxes for the current year. the
John Smith, C.E.O. of A.B.Co. is attempting to estimate the quantity of his product that will be demanded during April. At the current price of $2.00, A.B. Co. is selling 100,000 units per month. Mr. Smith has been informed that on April 1st
The minimum wage is used by governments as poverty fighting measure. The use of such means of creating equity among the masses does not always result in desired outcome.
What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
Assume the government imposes a fixed tax t per unit quantity on each firm. Explain the impact of this tax on following variables;
After a nation's (not USA) foreign-capital flows are frozen, a large international supply of USD dollars shows up. What happens to the quantity of USD dollars demanded.
Indicate how each of the following international transactions is entered into the Canadian balance of payments with double-entry bookkeeping:-A Canadian exporter sells merchandise worth $1 million in the United States, and is paid by a US importer ..
The U.S Postal Service (USPS) is a monopoly because the federal government has blocked entry into the market for delivering first-class mail. Is the USPS also a natural monopoly How can we tell what would happen if the law preventing competition ..
Why is an oligopolist more likely to be able to earn a profit in the long run compared to a monopolistic competitive firm?
The primary period had been 10 years, what would the compound growth rate have been then. What would you expect the sales to be after 16 more years.
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