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1. Which of the following economic changes are consistent with cost-push inflation? Check all that apply.
a) An increase in the price level
b) Rising unemployment
c) Falling economic output
2. Which of the following are consequences of hyperinflation? Check all that apply.
a) People spend significant time and effort buying goods and services to avoid losing purchasing power.
b) People spend money as rapidly as possible.
c) Investors make productive rather than speculative investments.
d) Wages and prices spiral downward.
From a geographical standpoint, why is SPACE so integral to the survival of Capitalism as an economic system?
Discuss whether you think we should continue to have a zero price for using a freeway. Or should we have transponders mounted on the dashboards of vehicles, as practiced in Singapore, which monitor and track the miles-driven within a city. Discuss wh..
Bill Simmons is the manager of a small restaurant and must decide how much money he owes his suppliers. The best way for Bill to approach this as a critical thinker is to
Identify the correct cause-and-effect sequence in response to an expansionary monetary policy move by the Fed.
Midwest Media Inc. is a broadcasting firm that owns and operates radio and television stations in the Midwest. The firm is currently considering the purchase of a proximate fast food chain that is experiencing financial difficulty. What recommendatio..
Over the next three years, a firm is expected to earn an economic profit of $900,000 in the first year, $800,000 in the second year, and $700,000 in the third year. After the end of the third year, the firm goes out of business. If the risk-adjusted ..
Trevor consumes two goods: fruit (good x) and vegetables (good y). His demand for fruit is given by x(px,m)=.04m-4.24px. His income is $322, the price of fruit is $2, the price of vegetables is $1. If the price of vegetables rises to $3, calculate to..
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 30. Explain how would you describe this industry.
Assumes that wheat producers lobby the government for a price floor also receive one.
Compute the coefficient of variation for each project and Classify the preferred project according to this criterion.
Write a two-page essay in which you address the issues outlined above. Format your essay in a Word document using Times New Roman 12-point, one-inch margins and double spacing.
Suppose that two consumers care only about the goods that they own. (The goods are private for them.) Starting from a competitive equilibrium allocation, is it possible for both consumers to be made simultaneously better off by trading with each othe..
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