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Q. Throughout history, the most popular form of money has been gold.
a. Provide 3 reasons why gold has been such a popular form of money.
b. Explain your answer what would happen to the value of gold if public discovered that it could simply be made at home from inexpensive materials?.
c. Assume that a country's money supply consisted of silver, copper as well as gold coins, also paper currency. Also assume that the worldwide value of gold began to increase dramatically. Explain what holders of gold could be expected to do with their gold coins.
Elucidate how managers can use price elasticity to discriminate or charge different prices among different groups of customers.
Explain why global warming is not likely to be solved by the market mechanism alone. Utilize the terms externality and public goods in your explanation.
What effectiveness of monetary policy depends on how easy it is for changes in money supply to change interest rates.
Illustrate what kinds of statistics, graphs, or illustrations does author include. In Illustrate what ways do se visuals strengthen author's arguments.
If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, other things being equal, the elasticity of demand for movie tickets is about:
q.think of another good that you have purchased recently or you could continue with the good you selected in tda i. be
Output per worker yt = 4kt 1/3, the saving rate is 30 percent, and the depreciation rate is 13.3 percent. Calculate the steady-state values of capital per worker and consumption per worker.
Why does government support patent process and why does government not encourages monopoly behaviour.
hould the measure of imports used in the GNP accounts therefore be defined to include only imports of FINAL goods and services from abroad. What about export.
q.1. you must decide whether or not to introduce a new product. if you launch the fresh product your competitor will
Demonstrate and explain the full process illustrate what happens when the central bank increases their long run target for inflation.
q1. the lojack car recovery system allows the police to track stolen cars. as a result they not only recover 90 percent
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