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Famines are acts of God resulting from bad weather or other natural disasters. There is nothing we can do about them except to send food relief after they occur. Explain why that position is inaccurate. Concentrate on agricultural pricing policies and distributional issues.
Third National Bank is fully loaned up with reserves of $30,000 and demand deposits equal to $100,000. The reserve ratio is 5%. Households deposit $20,000 in currency into the bank. How much excess reserves does the bank now have.
Just The Fax, Inc. (JTF) has hired you as a consultant to analyze the demand for its line of telecommunications devices in 35 different market areas. The available data set includes observations on the number of thousands of units sold by JTF per ..
Find the equilibrium price and quantity in the black market.
the following equations show market demand and supply respectivelyqd 10000 - 1000pqs -2000 1000pwhat is the
find her optimal level of savings and consumption plan. How is savings affected by changes in the interest rate and the discount factor d? Explain your results.
If your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year, by what percentage would your real income (approximately) increase? If your nominal income rose by 2.8 percent
Geoff and Hank are friends who are attending a "casino night" at a charity fundraiser. The event costs $100 to get in, which they have already paid. Once inside, there's a table at which you can gamble: for $10, you can flip a coin.
Betty can make either "3 bottles of wine and 0 boxes of chocolates" or "0 bottles of wine and 48 boxes of chocolates" or a combination of wine and chocolates.
Traci is planning to sell her house, and she is considering making two upgrades to the house before listing it for sale. Replacing the carpeting will cost her $3,000 and replacing the roof will cost her $6,000. Traci expects the new carpeting to i..
of this sales revenue he must pay the manufacturer a wholesale cost of $620,000 he also pays wages and utiilty bills totaling $210,000 if he doe not operate this piano business he can work in an accounting firm and recieve an annual salery of $45,..
Suppose that there is a consumer who consumes 2 types of goods: Good A and Good B. The consumer has $84 and the price per unit of Good A is $4 and the price per unit of Good B is $7.
What are the highest and lowest payments from the writer that the beekeeper-farmer team will accept for the sixth day Assuming that the farmer can dispose of the $7 from the writer as she wishes, what range of payments will the beekeeper accept
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