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Explain the independent statements below is false. A good explanation should be between two and four sentences for each part.
Purchasing a S&P 500 futures contract can be either an incredibly risky proposition or a very low risk investment. Unfortunately, it is impossible to differentiate between when the use of an S&P 500 futures contracts is risky and when it is not.
Suppose that a Presidential candidate proposes to cut taxes by $120 billion in his or her first year in office. Assuming that the US is a large open economy and its MPC = 0.8, state the long run impact of this tax cut on Y, C, I, G, NX, r, ε, Sp, Sg,..
What is the difference between short and long run in terms of the quantity of inputs used in production of goods and services? Are supply and demand generally more elastic in the long run? Provide an example.
A monopolist's demand curve is given by P = 100 - 2q. (a) Find his marginal revenue function.
In New Yotk, the demand for bottled spring water is given by Q = 121 − 1/2P . There is one known spring in town controlled by the bottler First Spring (FS). In other words, FS is a monopolist in the market for spring water. Suppose that, right befor..
Suppose that the U.S. government devalues the dollar by 10% and maintains the new rate by intervening in the foreign exchange market. The ________ of ________ will ________, ceteris paribus.
Why does Marginal Cost initially decrease? The Average Fixed Cost continues to decline as the quantity increases. Why? Why does the Average Variable initially decrease? Where does the Marginal cost curve intersect the ATC and AVC curves? Why?
China is a nation for which the relationship between insurance market development and overall economic development is a bit different than for most nations.
To what extent are today’s trade debates such as the Trans-Pacific Partnership similar to or different from the mercantilists’ focus on maximizing exports and limiting imports?
Suppose that you have been invited to speak to an assembly, athletic players meeting or other group at your former high school. You are talking about your career and what you have achieved.
q1. the demand for tobacco is price inelastic. assume there is a drought that destroys a large portion of the tobacco
Assume that the demand for ethanol, a corn-based alternative fuel, decreases. As a result, ethanol producers petition the Environmental Protection Agency (EPA) to raise the allowable amount of ethanol in gasoline blends from 10 percent to 15 percent...
Compare the price and output decisions of a profit-maximizing firm under conditions of pure competition, imperfect competition, and small oligopoly. Show that your answer does not depend upon the cost structure of the firm. What are the social implic..
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