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Q1. A concrete operational thinker and a formal operational thinker are giving the following logical statements: 1.If you drop a 20-pound bowling ball on your foot,it will tickle. 2. You drop a 20-pound a 20-pound bowling ball on your foot. What reaction would you expect?
Q2. Explain the paradox of why new cars usually lose a large fraction of their market value the moment they are driven from the showroom. Identify the economic principle that explains this paradox. Why might bad cars drive good cars out of the used-car market? Give at least two possible solutions to resolve this paradox.
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
In this forum we discuss the different arguments that are made in favor of international trade protectionism and the important role of the politics of protectionism.
Visualize you are a manager for good or service used. From results of the deterioration equation, recommend strategies to either preserve demand if an increase over 3 periods occurs or improve demand
the mainstream theory of the business cycle, is the most common source of reciession: a decrease in aggregate demand, a decrease in aggregate supply, or both.
Suppose that increased international trade makes product markets more competitivein U.S., would we expect to observe an upward slope on the WS curve or the PS curve
Why do proponents of active policy recommend government intervention to close an expansionary gap. Some economists argue that only unanticipated increases in the money.
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit
Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company.
When Betsy goes to make her list for tomorrow she is upset that she didn't get everything done. In a well-written paragraph explain the economics behind her inability.
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
What can you determine about consumer demand for your product from this information.
What is the confidence interval for the proportion of households represented at a town meeting. Survey of households in a small town showed that in 850 of 1,200 sampled households.
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