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If the price in a market happens to be above equilibrium, there will be a ___ in the market, and the price will tend to ____
A.) surplus, drop
B.) surplus, rise
C.) shortage, drop
D.) shortage, rise
get an answer from tutors to this homework question nowassume which the gross national debt initially is equal to 3
What institutions are prerequisite for economic growth? What is the role of rule of law in economic development?
What is the necessary requirement to turn a business idea into a business? If you don't have customers willing to buy your new product or service at a price that gives you a profit, do you really have a business?
As the economy emerged from the most recent recession, household income rose by 6%. Over the same period, total expenditures on beef increased by 3%. Assuming that all other economic variables were held constant,
In 1870, the U.S had an average income of about #2758 and the U.K of about $3463. In 1999, the figures were $30,600 and $22,640, respectively. If each country grew at a constant rate over these years, in which year did the U.S. overtake the U.K. in t..
You decide to open a retirement account at your local bank that pays 7%/year/month (7% per year compounded monthly). For the next 20 years, you will deposit $500 per month into the account, with all deposits and withdrawals occurring at month’s end.
Two engineering graduates who recently got married are planning for their early retirement 20 years from now. They believe that they will need $20,100,000 in year 20. Their plan is to live on one of their salaries and invest the other. they already h..
Is the current Monetary Policy expansionary or contractionary? Give your reasons for your answer. What effects does the Federal Reserve expect this policy to have on the U.S. economy?
Think of the company that sells the product or service you identified in DQ #2 during Week One. Explain how and why the company would use the concepts of average productivity and marginal productivity
The largest corporation based in the United States is: In addition to agricultural products and manufactured goods, the United States is also the world's largest exporter of: In order for a marketer to operate efficiently in a foreign country, it is ..
Demand-pull inflation occurs when:
A manufacturing company leases a machine for $31,000 per year. Each unit produced costs $36 in labor and $65 in materials. To break even, 21,000 units must be sold. What is the price of the product?
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