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Give your opinion on the validity of the following statement: Money must have material backing to have value. Justify your response.Take a stand on whether or not it would be easier for the Federal Reserve to expand the supply of money in a period of prosperity versus in a period of recession.
A new type of robot is invented, resulting in increased productivity across all industries and the U.S. Federal Reserve increases its money supply. What happens to the U.S. economy and the Canadian economy?
Assume the graph below represents the market demand for a patented prescription drug together with the marginal cost and average cost functions for producing the drug. Draw the marginal revenue function for this firm.
If the price of a good decreases, the substitution effect shows the increase in the quantity of the good demanded, holding income constant.
Assuming this is a sequential move game with the employer moving first, indicate most likely outcome. Does the ability to move first give the employer an advantage? If so, how? As the employee, is there anything you could do to realize a higher..
Discuss the specifics of any cases/examples you use and the implications of same on local citizens of that country.
Suppose that this price cut was completely responsible for its raise in revenues from 460 million yen in 1966 to 640 million yen in 1967. Compute the indicated arc elasticity of demand.
To what extent would increased government involvement with regard to fuel efficiency affect the behavior of manufacturers? To what extent would increased government involvement with regard to safety affect the behavior of manufacturers? Does it seem ..
Assume that more firms receive permission to drill for oil in Alaska and United States controlled waters. In addition, suppose that the popularity of SUVs declines in favor of smaller, more fuel efficient automobiles.
The key feature of the production function is that the marginal impact of capital per worker k = K/L on Y/L decreases as K/L increases.
The New York Times cost $0.15 in 1970 and $0.75 in 2000. Average wage in manufacturing was $3.23 a hour in 1970 and $14.32 in 2000.
During the Great Depression, the US economy experienced many bank runs, to the point where people became unwilling to keep their money in banks, preferring to hold on to their cash.
Assume your firm manufactures 3 million hard drives per year specifically for Dell laptop computers and subsequently renegotiates to only purchase for $26.8/unit, how much has Dell increased its own profits
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