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Alexander has been accepted as a freshman at a college two hundred miles from his home for the fall semester. Alexander's wealthy uncle, Michael, decides to give Alexander a car for Christmas. In November, Michael makes a contract with Jackson Auto Sales to purchase a new car for $18,000 to be delivered to Alexander just before the Christmas holidays, in mid-December. The title to the car is to be in Alexander's name. Michael pays the full purchase price, calls Alexander and tells him about the gift, and takes off for a six-month vacation in Europe. Is Alexander an intended third party beneficiary of the contract between Michael and Jackson Auto Sales? Suppose that Jackson Auto Sales never delivers the car to Alexander. Does Alexander have the right to sue Jackson Auto Sales for breaching its contract with Michael?
Participate in a discussion with your classmates regarding how monetary policies affect our lives. Utilizing the knowledge that you have accumulated during our course, and by reading or watching the current news, Specifically, discuss whether the gre..
In a two-factor, two-good heckscher-ohlin context, illustrate and explain "production effect" of growth in the labor force in a relatively capital-abundant country, other things equal.
In an effort to increase output the government could try to increase the employment, or try to raise capital stock or improve technology. If the government chose to lower taxes in an effort to increase the labor supply, how could this get in the way ..
Prepare a Cash budget for the Quarter ending 30th September 2014 and prepare a schedule of cash receipts from debtors for the period ending 30th September 2014.
In recent decades, trade has been growing faster than income for many countries. What combination of trade effects is sufficient for this to come about? Is this behavior consistent with the Rybczynski theorem? Under what circumstances?
Suppose 40 percent of a population all receive an equal share of p percent of the nation’s income, where 50 ≤ p ≤ 100. The remaining 60 percent of population also shares the rest of the income equally. For any such p, what is the Gini coefficient for..
Explain how does your graph relate to the other two graphs. What do any of these graphs have to do with price discrimination.
Without using the midpoint formula, can you tell whether demand is elastic, inelastic, or unit-elastic over this price range.
You have a choice of starting a business in either the US or a foreign country(Fredonia). In Fredonia, income tax is a flat 25%. Depreciation in Fredonia is straight line annually. (There is no “offset” of 6 months in the first or last year). The inv..
Suppose an economy has overbuilt and suffers from excess capacity. A recession ensues due to firms cutting back on expenditures. Is deficient demand more easily remedied by monetary or fiscal policy? Explain
Describe the options at the disposal of the government to finance a fiscal deficit. What are the relative advantages and disadvantages of each option?
Discusses some of the factors that can make the results of a regression analysis more useful or less useful to managers who are seeking to predict future costs for their companies. Looking for an explanation that will be about a page or more long.
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