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Reflect on the sovereign debt crisis in Greece. Why is it causing so much disagreement among Euro Zone countries? What role has the International Monetary Fund played in the situation?
500 Words........
q1. suppose there is a 50-50 chance that a risk adverse individual with a current wealth of 20000 will contract a
The Fair Labor Standards Act, enacted in 1938, requires that firms pay "double time", which is 200% of the regular wage rate, for overtime work. This question asks you to consider some of the incentive effects of overtime pay. When faced with the bud..
If total product is decreasing, marginal product is
Suppose the parameters of the IS curve are a ¯i = 0, b ¯ = 0.5, r ¯ = 3% and the real interest rate is initially R = 3%. Is the economy in its long-term equilibrium? Explain.
The college has annual fixed costs of $10 million, and the variable cost for each additional student is $5,000. To continue operating, the college must receive payments equal to its total costs.
If demand is represented by Qd = 50 - 0.5P + 0.005I where I = $50,000 and supply is represented by Qs = 100 + 0.4P - 2W where wages (W) = $15.00, compute the equilibrium price and quanity. What happens if income falls to I = $40,000?
Should there be greater government regulation with respect to selling to vulnerable consumers? Be sure to support your discussion question response with evidence from online references.
What type of economic flow would be illustrated b the purchase of a Mexican candy-making factory by a US company.
“The factor-price equalization theorem indicates that with free-trade the real wage earned by labor becomes equal to the real rental rate earned by landowners.” Is this correct? Why or Why not? Explain.
The following equation represents the weekly demand that a local theater faces. Determine the profit maximizing ticket price for the theater. What is the price elasticity of its demand at this price? What is the elasticity of its demand with respect..
With current technology, suppose a firm is producing 800 loaves of banana bread daily. Also assume that the least-cost combination of resources in producing those loaves is 5 units of labor, 5 units of land, 4 units of capital, and 1 unit of entrepre..
In 2011, the CPI increased by 1.4%, the GDP price index increased by 1.2% and the PCE increased by 1.8%, we can see all are increases, but why does each one of these measure give a different inflation rate?
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