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In general, individuals and countries that attempt to be completely self-sufficient tend to:
A. have a more equal distribution of income
B. experience a lower standard of living from the use of their resources
C. grow faster in the long run
D. be more productive and technically capable
E. be assured of ongoing full employment
For several months before your vacation trip to germany,you fiind out that the exchange rate for the peso has increased relative to the euro. are you pleased or saddened explain.
Consider the following facts. After the age of 25, persons with college degrees earn more than persons with no education beyond their high school degrees, ceteris paribus. Moreover, persons with high school degrees earn the same as persons who have h..
Explain how does this relate to the idea which diminishing marginal utility must be understood in context. Many people buy too much on their credit cards, even when they know they will be sorry when they get their credit card bill.
Warranties and service agreements play an important role in communicating a company’s willingness to stand behind its products. Research the warranty coverage and how well the Harley dealership network stands behind the product. How do the warranty c..
What is meant by externalities? What are different types of externalities? What are different types of externalities? What is the Coase theorem? How is it related to externalities?
Kristina does not want to pay him $1000 on delivery. Can the baker sue Kristina for payment of the cake? What remedies are available to him?
The following question provides some practice calculating the AFPs for different insurance policies. If the individual remains healthy (80% probability), she will consume $500 in medical care in the upcoming year.
The market price of cheeseburgers in a college town decreased recently, and the students in an economics class are debating the cause of the price decrease. Some students suggest that the price decreased because a new type of grill allows restaurants..
What percentage of total spending must president and Congress act upon each year. What accounts for remaining expenditures.
Valles Global Industries (VGI) is considering selling a product. The contract sells parts for revenue of $65 million a year for 5 years. Their initial investment is $250 million and the equipment has no salvage at 5 years. They estimate production co..
The price of equipment is 25,000 today. Determine the price of the equipment 3 years from now, if deflation rate is 2% in the first year and inflation rate is 1% in the second year and 4% for the third years
When the addition of one more unit of input results in a smaller increase in output then the previous unit, what type of return is occurring?
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