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What method is used to ration goods in a market economy? How does this rationing method influence the incentive of individuals to supply goods, services, and resources to others? How are grades rationed in your economics class? How does this rationing method influence student behavior?
How does the zero sum myth set people off against each other. Explain. Why are people merely not like chess pieces Explain. How does government provided health care being free for all and granting all benefits fall into the fallacy. Explain.
Elucidate the price should you charge for a midsized automobile if you expect to maintain your record sales.
Explain the level of resource misallocation comparing the outcome under the Monopoly situation with the outcome under perfect competition
Does Consumer Bank face interest rate risk? That is, if market interest rates increase or decrease 1 percent, what happens to the value of the equity? How can a decrease in interest rates create interest rate risk?
If the income elasticity of a particular good is negative 0.2, it would be considered 1) a superior good 2) a normal good 3) an inferior good 4) an elastic good
In some countries, the role of women is not regarded in the same way as a man. how might this effect production in the country and the consequent effect on standard of living.
You have done some research and believe that the master's degree will add $6,000 per year to your salary for the next 10 years of your working life, starting at the end of this year. From then on, after the next 10 years, it makes no difference.
Relationship among consumption expenditures and inventories as well as their interdependence, and think in terms of the Multiplier.
Consider Bob, he washes his car by hand rather than taking it to the local car wash. When asked why he washes it by hand, Bob explains "you should never pay for something you can do yourself.
Assume that the Fed unexpectedly raise the rate of money growth.
Larry, curly, and Moe run the only saloon in the town. Larry want to sell as many as possible without losing money. curly wants the saloon to bring in as much revenue as possible. Moe wants to make the largest possible profits.
The firms consider a collusion. Each firm knows that the other firm will cooperate as long as they have not been cheated. Once cheated, each firm will not cooperate ever again. You are firm 1. Your discount rate is 0.3. Compare the present value o..
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