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Write a 2 page essay describing what life was like in the Great Depression 1929-1941 with a focus on the important events and data which characterized economic conditions of that time period. Cite at least 4 outside sources of supporting information/data from the internet.
Suppose Jimmy says that he is willing to give up three apples in exchange for one banana, or give up one banana in exchange for three apples. Either trade is alright with him. Suppose that apples cost $2 and bananas cost $1. What trade, if any, would..
First determine the tax issue. Then research the issue and determine your conclusion. Fred Fisher is a licensed scuba diver who lives in Key Largo. He is employed full-time as an engineer. Five years ago he had been employed as a professional diver ..
Show that for 3k/4 > f > k/4 a monopolist would provide products at both end points but the efficient solution is for a single product. Explain why the monopolist has excessive incentives to introduce the second product.
Assume an oligopoly market with two firms. The inverse demand function and cost functions are as follows: P=150-2(Q1+Q2) and C1=20Q1 and C2=28Q2. Calculate: a. Cournot dupoly equilibrium output, price and profit, b. Stackelberg equilibrium output, pr..
After America's latest mortgage meltdown, what checks and balances are required at the 1) Consumer Level 2) Mortgage provider level 3) Government level?
When and where did modern economic growth first happen. What are the major institutional factors that form the foundation for modern economic growth. What do they have in common.
The chance of someone in the family getting sick over the relevant time period is 20%. What is the expected value of V over the vacation?
Illustrate what is the practical significance of income elasticity coefficients. Explain the significance using as examples an income elasticity.
"The principle of the invisible hand asserts that self-interest behavior on the part of resource-owners leads inevitably to chaos" true or false, why?
A typical policy will pay the replacement cost of $2500 if the boat is a total loss.
Describe the Harrod-Domar growth model, and explain precisely how the model illustrates dynamic instability. Why is it often called the “knife’s edge model”?
Should price increases for products in demand be allowed during extreme times of demand ( e.g.; bags of ice, water or hotel rooms during a hurricane crisis)? Defend your position using economic principles?
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