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Have you ever been deceived by descriptive statistics (measures of central tendency or measures of dispersion)? How did this occur, and whose “fault” was it regarding the deception?
You have a comparative advantage in producing something when you;
What are the costs and benefits of outsourcing? Can outsourcing be used to avoid tariffs and other trade restrictions? Provide 2 real-world examples of outsourcing by a firm(s) which competes globally. Need citations
q. suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if they are each
We considered a sequential move game in which an entrant was considering entering an industry in completion with an incumbent firm, Consider now that the entrant, if fought, has the possibility of withdrawing from the industry (at a loss of 1 for the..
Describe the process in the money market (demand and supply of/for money) by which the interest rate reaches its equilibrium value if it starts above equilibrium.
What is the present value of Stephany’s endowment? What is the future value of her endowment? With blue ink, show the combinations of consumption this year and consumption next year that she can afford in a graph.
How do these tools (payoff tables and game forms) help decision-makers to avoid incomplete thinking and over- inclusive thinking in their judgments?
The changes in the macroeconomic indicators affect the economic decisions of the 3 economic agents (household, firms, and government). Assume you are a business owner (manager). How do you use macroeconomic indicators in your business plan and strate..
The Law of Supply suggests that the price-elasticity of supply is: If a 10 percent increase in the price of one good results in no change in the quantity demanded of another good, then it can be concluded that the two goods are: Marginal utility is t..
What happens to the profits of boat makers in short run. Illustrate what happens to the number of boat makers in the long run.
Assume that the Fed decided engages in an open market purchase of $100 million dollars. If the required reserve ratio is 10%, and if banks hold an additional 2% of their assets in bonds, calculate the total change in the money supply.
Which is an example of a negative externality?
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