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What is the difference between a strong US Dollar and a weak US dollar? If you had to choose, would a strong or weak dollar be more beneficial for the US economy?
What was the motivation for China to transition into a more market based economy?
In the small town of Springfield, Duffman observes that the price of beer has fallen. Duffman concludes that the total amount of money spent buying beer has to fall since the price of beer is lower.
Consider three groups of Social Security participants – single persons, one-earner couples, and two-earner couples. Discuss the distributional consequences on each of these groups of the implementation of the following Social Security system changes...
If you've ever used a drive up window for banking, you've probably noticed that the buttons have Braille dots on them. This is puzzling because blind people don't drive cars and don't use drive through banking. Why is it that keypad buttons on drive ..
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
What does it mean for a good to be non-excludable? In theory one may worry that such a problem could completely shut down private markets. How did we deal with that in designing a private environment for the public goods case so that this doesn’t hap..
"Compare and contrast components and purposes of Information Technology (IT) and Information Systems (IS) in organizations"
In the study of the demand for fast food, the variables gasoline consumption per capita and population density were included as:
Haply Inc. contracts with Barksdale LLC to have an engine repaired. After much negotiation, the parties agree that the engine will be repaired and reinstalled at Haply’s facilities in 5 days. What are the consequential, incidental, and compensatory d..
A study of the costs of electricity generation for a sample of 56 British firms in 1946-1947 yielded the following long-run cost function: Determine the long-run average variable cost function for electricity generation. Determine the long-run margin..
Predict what will happen to the price and quantity of tennis ball if the price of tennis racket falls and, at the same time, the government mandates that tennis ball manufacturers use more expensive plastics in tennis ball construction.
The total value added in the production of a final good a. exceeds the price of the final good b. equals the price of the final good c. exceeds the total payments made to owners of productive resources used in the production
Let’s assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables. Describe the difference between the short run and long run in the example to bringing about more tables for t..
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