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On November 30, 1992, the student newspaper of the University of California at Berkeley illustrated a map identifying “high-crime” areas in Berkeley (see the figure attached). The 11 gray areas suffering more than 200 personal thefts and 75 burglaries last year. The newspaper recommended students living in those areas to keep valuables out-of-sight in the home. Please evaluate the validity and reliability of this news article's conclusion. Do you think the analysis and recommendation of this newspaper are logically acceptable? If so (or not), why?
What are the terms of trade? (At what rate would you each be willing to trade?) f. Using graphs for both you and Pat, show that trade allows each of you to achieve a point on your consumption possibilities curve which is greater t..
Explain how “Black Markets” impact economic actives: Please explain in detail and use a supply and demand graph for your examples
Suppose biochemists discover an enzyme that can double the amount of ethanol that may be derived from a given amount of biomass. Based on this technological development, we expect the supply curve for ethanol to shift to the right.
Financial analysis of the past three years financial statements for John Hopkins Hospital, including analysis of appropriate ratios. Discussion of alternatives for John Hopkins Hospital (culminating in a recommendation(s) for resolving or improving i..
q. 1. country z is a developing country that is facing problems of deforestation. for agriculture farmers are clearing
The term "unemployment rate" in economics refers to:
A bank account pays 12% nominal interest with quarterly compounding. A series of deposits started with a deposit of $5,000 on January 1, 2012. Deposits in the series will occur each six months. The last deposit in the series will occur on July 1, 201..
Given the current situation in many African countries, do we see the Tragedy of the Commons occurring? Consider not only how the “tragedy” is impacting the current population but also how hit may be devastating to coming generations. Give examples an..
Apple and Samsung are competing in a duopoly. If both companies charge a high price, they each earn $900 million in economic profit. If both companies charge a low price, they each earn $500 million in economic profit. Construct a payoff matrix displ..
Suppose the economy has a natural rate of unemployment of 6%. Suppose short-run output over the next 4 years is +1%, 0%, -1%, and -2%. According to Okun's law, what unemployment rates would we wxpect to see in this economy?
You manage MBA Deli which sells meals at a price of $6 each. The average number of meals sold per month is 7,000. MBA Deli would like to increase its sales and profits. The MBAs running the Deli, know that if price is lowered, they will sell more mea..
Based on your understanding, would a sharp increase in taxes or a decline in exports to Europe, in fact, push the U.S. economy into a recession? Explain your reasoning.
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