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Q1. Rich has $100,000 and Poore has $1,000. Which of these statements is most strongly supported by the theory of consumer choice?
Q2. Was Freddie Mac a major role in sub-prime mortgage? Were there any criminal activities, unethical activities, or just plain bad luck involved in the scandal?
Q3. How might Beth Young have found out when mortgage rates were at a level that would make refinancing her condominium more affordable?
Q4. During his first year at school, Guojun buys eight new college textbooks at a cost of $50 each. Used books cost $30 each. When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for next year, Guojun's father offers him $80 extra. Is Guojun better off, the same, or worse off after the price change? Why?
What are the effects of an increase in aggregate demand in the aggregate demand and aggregate supply model consistent with the Phillips curve.
What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer.
With Australia going through a long-lasting drought in the first decade of the 21st century, serious concerns were raised about the possibility of running out of water.
Assume that muffins are incredibly addictive, so consumers have perfectly inelastic demand for them, up to a certain saturation point.
Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction rate of 50%.
Explain why an industry in a perfectly competitive marketplace would choose to remain in business, if its profit is zero at equilibrium.
Elucidate how managers can use price elasticity to discriminate or charge different prices among different groups of customers.
List several ways that people and businesses in the green movement are participating.
determine what product it could export and discuss why this product could be successful in that country. Make sure to explore and report the demographics of the country, as well as any transnational concerns listed.
Illustrate what is the effect of this policy on the interest rate in the long run.
Assume this is the primary venue for sports games. Decide whether the city government is likely to intervene to enforce antitrust law or not.
Assume a $6 excise tax is imposed on the good. Conclude the new equilibrium cost also quantity.
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