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What are two concepts from our readings this What are two concepts from Paul and Elder other than egocentrism that you can apply to the situation you described?
You are the manager of a firm that produces products X and Y at zero cost. You know that different types of consumers value your two products differently.
What is the difference between the medium of exchange and the store of value? What is the difference between commodity money and fiat money?
Illustrate role do property rights play in creating common property resources? Why are common property resources subject to market failure due to nonexcludability.
Before September 1992, the lira or DM exchange rate could fluctuate through up to 2.25% up or down. If central banks ensured that the lira or DM exchange rate band was set in this way and could not be changes,
What is the nominal GDP today What is the difference between nominal and real GDP What is the largest component of GDP What is the smallest component of GDP What is the fastest growing component of GDP and why
Assume the economy is slumping into recession and needs a fiscal policy boost.
The interest rate on a ten-year Treasury bond is 9.25 percent. A comparable-maturity Aaa-rated corporate bond is yielding 10 percent. Another comparable-maturity, but lower-quality, corporate bond has a yield of 14 percent, which includes a liquidity..
Bill Gates, the CEO of Microsoft, testified before Congress that he could not employ enough highly skilled computer engineers.- What effect does this have on the supply and/or demand curves?
Is it ethical for a manufacturing company that wishes not to be identified as the sponsor of a mail survey to invent a fictitious research company name and print that name on letterhead paper for the survey?
With upper management’s continued pressure for cost reduction, you have been asked to analyze the economics of a backorder policy for some products that can possibly be backordered.
From 1970 to 2000, the supply of college graduates to the labor market increased dramatically, while the supply of high school (no college) graduates shrank. At the same time, the average real wage of high school graduates fell.
What is business cycle? Describe the four phases of the business cycle. Where on the business cycle do you think the U.S. economy is today?
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