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Draw a production possibilities curve for the pleasure you get between hanging with friends and from doing your Economics problem set. Are these activities complementary or are they substitutes? Does it matter which friend you are studying with? How do you show a tradeoff between them in your graph?
An increase in the interest rate could have been caused by
It is important to remember that in a communist society difference between value of machine and value of labour-power replaced by it will always vary. Are you still thinking that Capital is blueprint for society.
What is the unemployment rate of this economy? What is the labor force participation rate? Suppose that 1 million currently unemployed workers decide to no longer actively look for work.What is the unemployment rate of the economy now?
Lone Star Industries offers online automobile Insurance to preferred risk drivers in the state of Texas. The company is the low cost provider of insurance in the market with fixed costs of $18 million per year, plus variable costs of $750 for each dr..
The Health Reform Law (ACA) includes a provision to prohibit physicians having any ownership interest in “specialty” hospitals from receiving Medicare payment for any services they provide in such hospitals. Discuss the economic concepts of “economie..
If actual inflation exceeds anticipated inflation, who will lose purchasing power, and who will gain? How does unanticipated inflation harm the country? As part of your answer, include how you and your employer would both be affected.
The interest earned is deposited back into the savings account at the end of each month. How much is this account worth after 38 years?
Results of drilling are 15 dry holes, 12 gas producers, 18 oil wells, and 20 wells producing both oil and gas.
First Bank has total deposits of $2,000,000 and legal reserves of $220,000. a. If the reserve requirement is 10 percent, what is the maximum loan that First Bank can make, and what is the maximum increase in the money supply based on First Bank's res..
Discuss the effects on this year's quantity of labor supplied,
If a supply curve for a product became less price elastic, if a subsidy were introduced for that product would the deadweight loss increase of decrease and why?
What is predatory pricing? What federal acts make it illegal? How are consumers hurt by predatory pricing you must go into great detail? Give two potential product examples of predatory pricing. Also describe a situation a marketer might face that mi..
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