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Based on what you've studied in this course, explain at least one possible economical detriment of (problem with) the current law. You may add any other detriments, but you must provide at least an economic one). Note: Retailers being able to pass on wholesale price increases is not considered detrimental and so should not be your answer.
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
A construction firm can lease a crane required on a project for 3 years for $180,000 payable now, with maintenance included. The alternative is to buy a crane for $240,000 and sell it at the end of 3 years for $100,000. Annual maintenance costs are e..
Suppose an assistant professor of economics is earning a salary of $75,000 per year. One day she quits her job, sells $100,000 worth of bonds that had been earning 5 percent per year, and uses the funds to open a bookstore. At the end of the year, sh..
What is an example of an ethical perspective that is considered very American? What is an example of an ethical perspective from another culture that deals with a similar subject? Identify the culture and the ethical perspective. Why are the persp..
You have studied the executive branch of government and the wide range of power, as well as the various roles of the head of that branch, the president. Consider the presidency of Barack Obama.
Assume an economy where there are two producers: a wheat producer and a bread producer. In a given year, the wheat producer grows 30 million bushels of wheat of which 25 million bushels are sold to the bread producer at $ 3 per bushel, and 5 million ..
Suppose that velocity is constant at 10, but the nominal money supply increases from $1.1 to $1.21 trillion. Elucidate what must happen to nominal output.
In a town of 120,000 potential "football fans," the football team draws the following attendees per game, at the various prices shown: If the team can charge ANY prices it wants (including different prices to men and women), what price(s) should it c..
What is your interpretation of the phrase “act local, think global”? How would you use this knowledge as a global leader?
In a current newspaper article you also read that The Camera Shop has exhausted its undertaking capital and that no new investors
There are 20,000 hours of labor for country A. 5 hours of labor are required to produce 1 unit of S, while 4 hours are required to produce 1 unit of T. If a world relative price is given as 2, and A's imports = 2,000, what are A's exports?
Suppose the U.S. grows more slowly than Canada. The best medium term prediction is that the
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