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Most U.S. and some European airlines now impose additional charges for everything but a seat on the flight. Specific seat selection, baggage, beverages, and nearly every amenity that was once included in the ticket price is now a source of “ancillary” airline revenues. Discuss whether this trend is beneficial or detrimental to passengers.
Should the Federal Reserve Board of Governors remain independent. Illustrate what is the strongest argument on either side
Suppose a furniture manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observed the following levels of production corresponding to different numbers of workers
q.the following outline provides a complete description of all economic activity in trivialand for 2003. compute gdp
Elucidate what happens to real GDP when it is initially to the right of the equilibrium point and why. Indicate two public policies which would be appropriate for addressing this situation.
q.a survey of households in a small town showed that in 850 of 1200 sampled households at least one member attended a
Explain the role of the Federal Reserve, who monitors it and is it effective in its job? Evaluate one of the strategies of the Federal Reserve.
Madison has 5 times the marginal utility of consumption as Seth. If the government wants to achieve maximum societal happiness, should it transfer wealth from Seth to Madison?
Compute the coefficient of variation for each project and Classify the preferred project according to this criterion.
What effect would each of the following have on the demand and supply for hamburgers and on the quantity of hamburgers demanded and supplied in a city?
The LoJack car recovery system allows the police to track stolen cars. As a result, they not only recover 90 percent of LoJack-equipped cars that are stolen but also arrest many auto thieves and shut down many "Chop shops" that take apart stolen vehi..
Discuss the difference between absolute purchasing power parity and relative purchasing power parity.
The measured union wage differential will most likely understate the true amount by which unions are able to raise hourly compensation if which one of the following is not controlled for?
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