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Why would some households with increases in "household wealth" continue to consume at their prior household level even given household wealth increases? How would this be related to the velocity of money?
Use “John Maynard Keynes – capitalism faces its challenge,” in Big Three in Economics by Skousen as your resource to answer the following questions: What was the economic context in which Keynes was writing? How did that affect his economic views?
In February 2015, Wal-Mart announced that it would increase the pay rate for all its lowest paid workers. Is this wage increase a growth in fixed costs or variable costs? Would it be affected by output? If Wal-Mart's sales drop off, how might the sto..
Josh is graduating at the end of the academic year with a BS degree in engineering. He already had an offer with a good company for $58,000. He has learned that those who continue along a technical path in the company typically receive increases of 6..
If the central bank does not intervene in the foreign exchange markets (the RA balance is zero), briefly explain why CA + KA = FA.
Write a 750-word paper about Thucydides versus Plato on the nature of the Good Life. Some have claimed that Thucydides is making empirical claims, whereas Plato is making normative claims. Is that true? Support your answer in your paper.
q1. you own a small town movie theatre. you currently charge 5 per ticket for everyone who comes to your movies. your
Terry has a demand function for oysters given by the equation q=.02m-2p, where m is income and p is price. Terry's income is $8,000 and he initially has to pay a price of $40 per oyster. Assume the price of oysters rises to $80. Calculate the substit..
You are the manager of a gas station in a small town, and your goal is to maximize profits. Based on your experience, the elasticity of demand of Texans for a car wash is -2, while that of non-Texans is-1.5. Your marginal cost is $6. Are the conditio..
The Hanover Manufacturing Company believes that the demand curve for its product is P=5 - Q Where P is the price of its product in dollars and Q is the number of millions of units of its product sold per day. It is currently charging a price of $1 pe..
If he needs 80 percent of his income to maintain his standard of living upon retirement, how much annual income will he need from his employer's plan and from his own planning when he retires?
Assume that all individuals have identical preferences but some individuals are wealthier than others. Assume there is a simple public good and a single private good. Show diagrammatically how you derive the demand curve for the public good, as a fun..
In your textbook, there are three methods described that most Americans use to evaluate political developments such as ObamaCare. Using those three methods, describe how someone could come to the conclusion that he or she is against ObamaCare.
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