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Give an example, in your opinion, of the economic and/or political forces that shape government decisions with respect to mandated minimum price supports for any product or service: (i.e. sugar prices, milk prices, and minimum wages). In your opinion, give an example of the economic implications for supply and demand and hence economic efficiency.
You believe that next year there is 50% probability that your health care cost will be $5,000 but your spouse believes you will all be healthy and there will be no healthcare cost; however you both agree to buy an annual health insurance plan. You de..
What is the method that is used by the RMI client to connect to remote RMI servers?
Machine X will produce cost savings of $6,000 per year for four years; machine Y will produce cost savings of $4,000 per year for six years. If the interest rate is 10% compounded annually, what are the savings for both of these machines in terms of ..
To help you reach a $5,000 goal five years from now, your father offers to give you $500 now. You plan to get a part-time job and make five additional deposits, one at the end of each year. (The first deposit is made at the end of the first year). If..
Consider a country that was debating whether to adopt the gold standard during the heyday of that international monetary arrangement. What difference would the level at which the price of gold was set by the central bank make for the level of economi..
It can be said that all marketing and marketing strategies begin with marketing research. There is a strong, positive correlation between the quality of a firm's marketing research and the success of the firm's marketing strategies.
The most likely reason that oil prices spiked during 2007-2008 was because
By how much will the quantity of Federal funds have to change for the equilibrium to occur at the new target rate?
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,440,000, $148,000 in the common stock account and $2,730,000 in the additional paid-in surplus account. What was the firm’s cash flow to stockholders during 2014? What ..
What factors influence a firm's competitive strategies? How does global economic competition affect the price elasticity of demand in the domestic market and decisions r elated to the strategy a firm uses to compete? Why do most economists oppose tra..
The entire principal of the borrowed amount of $10,000 will be repaid in 2 years. However, the quarterly interest of $330 must be paid every 3 months. Find the nominal annual interest rate that you are paying.
What is globalization (please define it both as a process and outcome)? What factors can you identify in explaining why globalization occurred? How do you assess its impact upon both rich countries and poor ones, in particular, the issue of inequalit..
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