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1. Arrows up or down. In the application on consumer loans in South Africa, the loan uptake rate _________ as the interest rate decreased and _________ when the model on the offer was switched from a man to a woman. (Related to Application 4 on page 188.)
2. Advertising for Loans. Consider the numbers provided in Application 4 on South African consumer loans. Suppose a lender initially charges an interest rate of 10 percent and uses male models in its advertisements. The firm wants to increase its uptake rate among male consumers. Suppose the firm switches to female models in its advertisements. The male uptake rate will increase by ________ (1, 3, 8, 25) percent
According to the structure-conduct-performance framework, which of the following is not a characteristic of market structure
Why the long-run aggregate-supply curve is vertical. Three theories for why the short-run aggregate-supply curve is upward-sloping.
q. a group of 20 doctors are considering forming a new medical group also has asked you to prepare a report on whether
most powerful people in the world might be measured more powerful than most countries leaders
If, at the current price, there is a surplus of a good, then
Gina has the choice of two bonds, one that pays 5 percent interest and the other that pays 10 percent interest. Which of the following is most likely?
Can we conclude that an individual participating in the program would be worse off if provided with a cash grant of $50 instead of the viagra?
The production function : q = L. This function is widely used in economic research. Using the function, show the following. statement in mathematical proof:
it behooves government to impose below market price ceilings on consumer goods, thereby increasing consumers surplus and making everyone better off." What would be the effect of this policy?
Suppose that there are 150 houses in the community with 2,000 square feet (providing services that rent for $10,000 per year). The interest rate is 4% and with proper maintenance all of the houses will last forever. In an election the population deci..
Draw the production possibility frontiers for the 2 countries. Draw the world relative supply curve for manufactures.
Offshore Petroleum's fixed costs are $2,500,000 and its debt repayment requirements are $1,000,000. Selling price per barrel of oil is $18 and variable costs per barrel are $10. Determine the breakeven output (in dollars). Determine the number of bar..
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