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Q1. I can't seem to figure out how to calculate. If you given the amount of money an individual will earn during their lifetime, and then you are asked to calculate their budget line for their consumption for while they are working and when they retired assuming consumption is for normal goods only, and that 100% interest is being obtained during the working life, how do you graph that without knowing more information.
Q2. Four different ferries are being considered to replace the existing ferry. The options are different ferries are being considered Present worth (in millions) of social benefits and costs are presented. Which ferry should be chosen?
Economists argue that the move from barter to money increased trade and production. How is this possible.
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
Research where you would find the U.S. international trade policies and their history as they apply to various industries.
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
This is an essay question, but I don't know how to explain. Should I use the supply-demand curve to explain, or use the marginal cost- marginal revenue curve to explain this question.
Disposable personal income equals personal income and two factors are the keys to determining labour productivity
Find the equilibrium price and quantity algebraically. If tourists decide they do not really like T-shirts that much, which of the following might be the new demand curve.
What can be accomplished about the impact of transportation costs on the price of the traded product in each trading nation.
What are the informing factors of global interdependence, including the economic factors, political dynamics and cultural differences.
Elucidate an example of a microeconomic and macroeconomic phenomenon. Would you give an example of a microeconomic decision you have made at home or work.
How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.
Identify the causes of the crisis, the steps the private and public sector took to resolve it, and what leaders should do to keep it from happening again.
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