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The lack of rain during the last 36 months has reduced the water level of the Mississippi River and the Ohio River. As a result, the ships and barges that transport farm products along these rivers have reduced their loads and made more fequent trips. This situation can be portrayed as a: A. Rightward shift of the demand curve for those farm products. B. Leftward shift of the supply curve of those farm products. C. Rightward shift of the supply curve of those farm products. D. Leftward shift of the demand curve for those farm products. E. Movement up and along the supply curve of those farm products.
A father decides to establish a savings account for his child’s college education on the day his baby is born. Any money put into the account will earn an interest rate of 8% compounded annually. calculate the required annual deposit.
How markets allocate resources. Derived demand is the change in demand due to a result initiated in another market. Market changes affect the demand for resources in related markets. For the following scenario, you are given a list of products.
Using the debt-relief Laffer curve, make the case that debt relief can be in the best interest of both the developing and developed countries.
Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry). Assumed in perfect competition. Not assumed in perfect competition.
Forecasters predictions of inflation are notoriously inaccurate, so their expectations of inflation cannot be rational.
Economic growth, as measured by increases in real GDP per capita, is a goal for most countries. This is often interpreted as an increase in economic welfare for citizens. How would you evaluate this assertion? If there are reasons to dispute it, why ..
Go to the Bureau of Labor Statistics website, www.bls.gov/news.release/empsit.toc.htm, and click on "Employment Situation Summary"
According to Jared Diamond, what are the “roots of inequality” in the division of the world into ‘haves’ and ‘have-nots? What role has “the roots of inequality” played in the division of the world into ‘haves’ and ‘have-nots’ within today’s globaliza..
In recent years the exchange rate of the $ has been noticeably high against the yen. If for some reason investors around the world now decide that this increase is a temporary phenomena and that the $ will fall relative to the yen in coming months(th..
A local phone company has three family plans for its wireless service. Under each of these plans, the family gets two lines (phones) and can make local and long dis- tance (within the United States and Canada) calls for free so long as the total numb..
Explain how information flows through the layers of the OSI model?
The firm increases its entire size until it makes 30,000 units a week. What would total cost be if the firm faces constant returns to scale?
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