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Airline travel and train travel in Europe are substitute goods. Suppose the price of airline travel decreases.
1. Explain what happens to the demand curve for airline travel. The demand curve for airline travel would increase because
2. Explain what happens to the demand curve for train travel. (In your explanation, be sure and describe which one is a change in quantity demanded with movement along the demand curve and which one is a change in demand with a shift in the demand curve)
The same size of word for data and instructions, what is the size of each data register. Elucidate what is the size of the instruction register of the computer in the fist question.
Give at least one example of a country with a high growth economy and a country with a low growth economy. Explain how the politics in each country affects the economy.
In 1976 independent Texaco retailers file suit against Texaco. In 1990, the Supreme Court of the United States found that Texaco had indeed violated antitrust law. Illustrate which law do you think Texaco was found guilty of violating.
Johnny Rotten consumes two commodities, namely garbage and vinyl records. He keeps the garbage in the backyard where it is eaten by goats and vermin. The reason he accepts the garbage is that people pay him $2 per sack for taking it. Write down an eq..
List all the tools of monetary policy. List two monetary policy targets. List two ultimate goals of monetary policy. B) Explain how the bank credit channels (two channels) of monetary policy transmission operate.
Firms can have: Accounting profits and economic losses, Accounting profits and economic profits, Accounting losses and economic losses, Accounting losses and economic profits.
If the demand for a good is elastic with respect to its price, then a
Write a program that uses a loop to display the number of calories burned after 10, 15, 20, 25,and 30 minutes. Running on a particular treadmill you burn 4.2 calories per minute. Create a chart or column design using the TAB character escape seque..
Calculate the point elasticity of the firm's total sales revenue with respect to the amount of labor used when q = 2.
Suppose that the t-account for first national bank is as follows: Assets liabilities Reserve $100.000 Deposits $500.000 Loan 200.000 Bonds 200,000. By how much would the money supply change if First National, like all other banks decides to maintain ..
Consider the real intertemporal model with investment. What is the effect of an increase in delta, the depreciation rate, on the representative firm's investment decision, and on its optimal investment schedule? Explain your answer carefully using th..
McDonald's and its major competitors compete based: In terms of location decisions, firms evaluate the extent to which the labor force is unionized.
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