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What is the major characteristic of the class system of stratification
A) In a class system categories of people are equally distributed in the class structure
B) A class system has fluid boundaries that permit movement up and down the class ladder
C) A class system ensures that no one is locked in poverty
D) Once a person is porn into a social class he or she is blessed or cursed for life
What do you need to do to handle crisis. SLook at mistaken assumptions described. Why do such assumptions arise, and what can be done to overcome se biases.
It is a typical Christmas electronics shopping season, and makers of flat-panel TVs are marketing the latest available models through their own Web sites as well as via retailers such as Best Buy and Walmart. Each manufacturer offers its own unique v..
Summarize the recent policy of the Federal Reserve concerning the level of interest rates and the reasons for this policy. Do you agree with this policy? Why or why not? b. How does this policy affect the supply of and demand for products and service..
Andy’s monthly demand (in number of bars) for “Clif Builder’s” protein bars is given by Q = 8 – 2P + (I – T)/1000, where I is Andy's monthly income, T is his monthly income tax expense and P is the price of Clif bars. Suppose the price of Clif bars i..
Discuss the current issue of illegal aliens and the impact this has on the U.S. health care system. Should the taxpayers pay for health care for individuals who enter this country illegally? How do emergency rooms and hospitals protect their fiscal s..
Two machines are being considered for improving a process. Machine A has a first costs of $300,000 and annual maintenance and operating costs (M&O) of $100,000 and it will result in costs reductions of 180,000 per year. Determine which Machine should..
An increase in Real GDP means that the Production Possibility Curve must move outward. There is no cost to the macro economy of current consumption. Increased Capacity Utilization means that the PPF is moving outward.
Suppose that an automobile costs $30,000 in the United States and 25,000 Euros in France. Further suppose that the exchange rate is .8 (one US dollar = .8 Euros) What is the real exchange rate? In which country is the automobile less expensive?
Consider a demand market and assume the demand and supply functions are given by: demand: q=35-p and supply: q=2p-10. determine the equilibrium price and quantity (p*, q*) in this market. illustrate your answer graphically and compute the consumer su..
You should recommend that the project be rejected because, although its NPV is positive, its MIRR is less than the WACC, and that indicates that the firm's value will decline if it is accepted.
A monopolist has demand curve given by P = 100 –Q. The total cost is given by TC = 16 + Q2. Find the monopolist’s profit maximizing quantity and price. How much economic profit does the monopolist make? If this was a perfectly competitive firm, what ..
The federal debt keeps rising every year and has changed from a moral responsibility to a tool used in economic policy. Government spending is used for everything from Medicare and Medicaid to buying books for underprivileged schools.
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