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Which of the following are positive economic statements and which are normative? Explain. a) Higher gasoline prices cause the quantity of gasoline that consumers buy to decrease. b) Everyone should enjoy open access to health care. c) A comparison of costs and benefits should not be used to assess environmental regulations. d) Higher taxes on alcohol result in less drinking and driving.
Assume you have an asset which will pay 5,000 dollars at the end of each year forever. Then, if the interest rate is 5% per year, the value of the asset is
Find the equilibrium price and quantity algebraically. If tourists decide they do not really like T-shirts that much, which of the following might be the new demand curve.
If the Federal Reserve adopts a restrictive monetary policy that leads to relatively high interest ratesin United States, what happens to the demand and supply of foreign currency and the dollar's exchange value.
q.consider an employee who does not receive employer-based health insurance and must divide her 700 per week in
An engineering company requested that $500000 be spent on software and hardware to improve the efficiency of some control systems.
Use supply-and-demand analysis to answer the following question. This means using Figure 1 below actively (or drawing your own graphs). Assume that supply-and-demand analysis is in fact applicable in all the relevant markets. (a) Assume fertilizer pr..
Some goods generate spillover benefits from production, but it is:
q.as manager of city racquet club you must determine the best price to charge for locker rentals. suppose the marginal
Illustrate what is the "incubator effect" that Taiwan's government hoped would emerge in its EPZs.
You are buying a house for $300,000. The terms of the mortgage include a 30-year loan (fixed rate) and annual interest rate of 4.5%, compounded monthly, and a 20% cash down payment is required. What are your monthly payments on this loan?
Using your knowledge of utility and consumer behavior and the data below, show exactly how you would spend your income, on which goods and why. Be sure to calculate the MU/P for good X and good y, and then proceed. (20 pts) Q MU x MU y 1 90 150 2 84 ..
Describe the foreign currency and home currency approaches to capital budgeting for a foreign project. Clearly bring out the differences between the two approaches. Which is better and why? The textbook describes the field of Behavioral Finance as th..
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