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Suppose you are the owner-operator of a gas station in a small town. Over the past 20 years, you and your rival have successfully kept prices at a very high level. You recently learned that your rival is retiring and closing his station in two weeks. What should you do today?
Suppose you want to infer expected future exchange rates in a less-developed country that has free-market-determined interest rates but does not have a forward exchange market. Is there any or way of inferring expected future exchange rates. Unde..
There is no uncertainty about the future. The consumer needs to save an amount this year that will allow her.
If this price floor is implemented, how many units of pork will the government are forced to buy to keep the price at $2.25.
Why do you think the specific industries you selected are highly concentrated?
What considerations come into play when considering whether the United States or any other political entity is spending the right amount for environmental quality improvements
Prisoner's dilemma is a game that has been and continues to be studied by people from a variety of disciplines, from biology to sociology to public policy. Prisoner's dilemma is believed to be one of the most powerful metaphors in all of human behavi..
If the average worker produces $80,000 of GDP, explain by how much will GDP increase if there are 150 million labor-force participants and the unemployment rate drops from 5.2 to 4.5 percent.
What could be done to motivate people to spend more so as to increase aggregate demand and invariably, create employment possibilities.
Explain when a researcher is trying to estimate the causal effect of X on Y, and finds that the R^2 of her bivariate regression model is around 0.04.
Illustrate difference between economies of urbanization and economies of localization. Give examples of each.
In the Keynesian view, would a constitutional amendment that would require the federal government to balance its budget (incur no deficit) be desirable? Explain your answer.
Suppose a particular labour market were in market-clearing equilibrium. What could happen to cause equilibrium wage to fall. If all money wages rose with inflation each year, how would real wages in this market adjust.
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