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In 1981, when regulations were holding the price of natural gas below its free-market level, then-Congressman Jack Kemp of New York said the following in an interview with the New York Times: ?
1o We need to decontrol natural gas, and get production of natural gas up to a higher level so we can bring down the price.?
11 Evaluate the congressman’s statement.
In the last decade or so there has been a dramatic expansion of small retail convenience stores (such as Kwik Shops, WaWa, 7-Elevens, Gas ‘N Shops) although their prices are generally much higher than those in the large supermarkets.
Many states give companies with an investment tax credit that effectively decrease the value of capital. In theory these credits are designed to stimulate new investment and thus create jobs.
Texas instrument once announced a price for random-access memories that wouldn't be available until two tears after the announcement few days later; Bowmar announced that it would produce this product and sell it at a lower price than Texas instru..
Discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. If an entity was perceived to be short term, what effect would that have on the accounting system
Why might you expect to see flat royalty payments in home-based franchises but revenue-based royalties in franchisees that operate from commercial buildings. Make sure your explanation is consistent with the fact that franchised tutoring services.
the European central bank euro area statistic for the most recent last-year period since the outburst of the global financial crisis. have their growth rates been similar what implications does this have for the conduct of monetary policy
Use the following information for a company's output at various levels of employment (L) to compute:
The more the competition among the sellers, the less the producer surplus enjoyed by the producers do you agree with the statement.
According to the BLS, what was the inflation rate for gasoline for the month of December 2010?
Explain how do high inflation rates affect the exchange rate of a country in the short and the long run.
Dave is employed by a corporation that currently pays him $65,000 a year. He owns a new car that he bought for cash of $32,500. Dave is thinking about returning to school to get a law degree.
Explain whether the following government activities is motivated by a concern about equality or a concern about efficiency. In the case of efficiency, discuss the type of market failure involved- regulating cable TV prices.
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