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The well known nationally syndicated columnist David Broder reported the recent findings of two academic political scientists. These scholars found that voters are quite turned off by “negative campaigns” of politicians. Many people went as far as not voting because of this. Nevertheless, the political scientist noted it is futile to urge candidates to stay positive. The damage from staying positive is heaviest when the opponent is attacking. Explain the dilemma in terms of strategic behavior.
Suppose there is a permanent increase in a country's saving rate. This increase in the saving rate will cause:
q1. relate opportunity costs to why profits encourage entry into purely competitive industries and explain how losses
Neville has demand function q = .02m - 2p, where m is income and p is price. Income is $8,000 and he initially had to pay a price of $40 per bottle of claret. The price of claret rose to $80. The substitution effect of the price change is?
Due to the increased globalization of financial markets, we can expect all of the following, except:
In the argument for why perfect competition is allocatively efficient, the price that people are willing to pay represents the gains to society and the marginal cost to the firm represents the costs to society. Can you think of some social costs or i..
Determine whether size is a statistically significant variable in estimating selling price. Calculate the coefficient of determination.
Assume he takes welfare and does not work. Illustrate what is his reservation wage. He will not lose his welfare if he works.4. Suppose he is working and receives no welfare.
The article utilize this kind of calculation to show the difference among labor productivity growth.
Assume that the economy can experience high growth, normal growth, slow down or severe recession. Under these conditions you expect the following stock market returns for the coming year:
People often change the form of a promise in an attempt to increase their certainty that courts will enforce it according to its terms. For example, suppose the rich uncle in Example 1 wanted to assure his nephew of the enforceability of the promise ..
In the early 1970s, the six largest manufacturers of ready-to-eat breakfast cereals shared 95 percent of the market. Over the proceeding 20 years, these manufacturers introduced over 80 new varieties of cereals. How would you evaluate this strategy f..
Let’s assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables. Describe the difference between the short run and long run in the example to bringing about more tables for t..
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