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Determine the four phases of the business cycle? How long do business cycles last? How do seasonal variations and long-run trends complicate measurement of the businrss cycle? Why does the business cycle affect output and employment in capital goods industries and consumer durable goods industries more severely than in idustries producing consumer nondurables?
The government places a price floor on milk which is below the current equilibrium price of milk. The number of children who drink milk and the number of farmers who produce milk increase at the same time.
Identify that a risk averse agent offered terms worse than actuarially fair will not choose to insure fully.
Explain how will unskilled workers adapt to a workplace requiring more skilled workers and fewer unskilled workers.
Illustrate what role does economics play in your personal and organizations decisions. Give an example of the role of economics in decision making.
Briefly describe and critically possible short-run and long-run macroeconomic effects of this continuous increase of the federal fund rate
Determine the conditions of perfect competition. Name each and describe with an example how the real markets can violate one of more of these conditions.
Rising jet fuel cost recently led most major U.S. airlines to raise fares by approximately 15 percent. Explain how this substantial increase in airfares would affect the following:
Describe how exchange rates are determined using supply and demand. What is the date and source of your exchange rates.
Elucidate how tax credit to a business would help to stimulate the economy.
Asssume that a monopolist must choose between two points in its demand curve: it can sell 100 units for $3 or it can sell 140 for $2. Which of the following is true.
Illustrtae the possibly changes which the "accrual" accounting or the "cash basis" could bring into the financial statements.
The Dade Corporation is borrowing $300,000 for one year and paying $27,000 in interest to Miami National Bank. The Bank Requires a 20% compensating balance.
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