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Suppose the government imposes a small carbon tax on automakers. But the price of gasoline has doubled due to a Middle East crisis which has reduced oil production. In the market for autos, these changes mean that supply and demand have both changed with the effect on the demand larger than the effect on the supply. The result is that the price of autos will ________ and the number of autos sold will ________. A) rise; perhaps change but we can't say if it increases, decreases, or stays the same B) rise; increase C) rise; decrease D) fall; perhaps change but we can't say if it increases, decreases, or stays the same E) fall; decrease
If today's production of capital goods exceeds the depreciation of capital.
Identify someone in your life who would benefit from taking this course, and explain the reasons why and speculate on what technology might be able to do in 15 years to improve the contracting process.
At the Central Furniture Company, customers who buy on credit pay an effective annual interest rate of 16.1%, based on monthly compounding, what is the nominal annual interest rate that they pay?
Which of the following is the best definition of money? 1) anything generally accepted as a payment for goods or repayment of debt 2) anything that is a liability of the federal government 3) anything that is a liability of a commercial bank 4) coins..
you will explain the impact of employment and unemployment in a free market economy. The country of France legislated the maximum length of a workweek. Because Americans tend to work more hours than Europeans, should the US government also legislate ..
The suggestion that a seller will try to set price based on “what the market will bear” is explicit recognition of the constraint imposed by:
Describe the evolution of strategic selling. What are the four broad strategic areas in the Strategic Selling Model? How do value-added selling strategies enhance personal selling?
Assume a good where its equilibrium price is 40 and its equilibrium quantity is 3.0 units. Compute the supply surplus when price is 60. Take into consideration that the elasticity of supply is 1 and the elasticity of demand (-1)
Which of the following are examples of the shortsightedness effect? During the last 45 years, the U.S. federal budget has been in deficit (annual tax revenue fell short of annual government spending) 40 times. In 40 of the past 45 years, the legislat..
In order for third-degree discrimination to be possible, which of the following features is not required?
Indentured servants, whites bound to service for a limited amount of time, were an important part of the labor force in colonial America. In many areas, they outnumbered slaves during the 17C. In exchange for labor over the specified period, indentur..
Compute the real GDP per person for this nation in 2001, in 2000 euros per person. Round your answer to the nearest euro.
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