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Your bank account pays 7% interest per year. You loan a friend $100 for one year at zero interest. Assuming the loan is paid on time the opportunity cost of the loan is....
$7
$100
$107
$0
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
Illustrate what are the best goals for the Fed. Should it lean toward restraint or toward expansion.
Nancy Tai has recently opened a revolving charge account with MasterCard. Her credit limit is $1000, but she has not charged that much since starting the account.
Alan and Brian work at a baseball and softball manufacturing plant. Alan can produce either 10 baseballs or 4 softballs in an hour. Brian can produce either 8 baseballs or 2 softballs in an hour. What is the hawala network?
1. An economy in which production is based on customs and traditions and economic roles are typically passed down from one generation to the next
Why does a temporary increase in the real wage increases the amount of labor supplied, but a permanent increase may decrease the quantity supplied. Condiotions of this too happen too.
1. economic analysis that takes into consideration linkages between markets is called ? a. partial equilibrium
The crowdedness of the city is fixed, and has no relationship to the distance from the central business district. In other words, as we go further and further from the central business district, the level of crowdedness of the apartments remain un..
Explain how can you avoid the weakening dollar due to its depreciation as a result of inflation by weakening the economy by raising interest rates.
determine whether the following linear programming problem is infeasible unbounded or has multiple optimal solutions.
Explain how do high inflation rates affect the exchange rate of a country in the short and the long run.
Describe why the demand curve facing a monopolist is less elastic than one facing a firm that operates in a monopolistically competitive market.
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