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Use the concept of opportunity cost to explain the following.
a. More people choose to get graduate degrees when the job market is poor.
b. More people choose to do their own home repairs when the economy is slow and hourly wages are down.
c. There are more parks in suburban than in urban areas.
d. Convenience stores, which have higher prices than super- markets, cater to busy people.
e. Fewer students enroll in classes that meet before 10:00 A.M.
Deep global recession might trigger changes in expending from imported items to domestically manufactured items. What are at least two policies that governments might implement to increase expending on domestic items.
Grow Fertilizers Company purchases a gravity settling tank of the $30,000 purchase price. The company finances 30% of the investment with a loan to be repaid with eight equal semiannual payments at an annual interest rate of 12% compounded semian..
Which of the following statements is true of substantive due process?
Using a method similar to the CPI, compute percentage change in the overall price level. Use 2011 as base year, and fix the basket at 1 karaoke machine and 3 CDs.
Who Ebola affects the most, managing and responding to the Ebola outbreak, how Ebola has affected travel/ agriculture.
Hot chocolate is made from chocolate syrup and milk. Using a separate supply and demand graph for each question, please show the effects of the following events on the market for hot chocolate
Why does the U.S.'s deficit, surplus and debt have an effect, tax payers, future Social Security and Medicare users?
suppose you are a manager of a firm that produces products x y and z.you know that there are two different types of
Choose a product and state whether it has price elasticity or price inelasticity. The beginning value for year 2008 is $43,050, year 2007 starting price was $41,450, and year 2006 beginning price was $42,700.
Define a normal profit and an economic profit. Are normal profits being earned in this example? Are economic profits present for this firm in this example?
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..
A country with fixed quantities of resources is able to make any of the following combinations of bread and ovens.
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