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When price controls are imposed on any product market,
A. there are unintended consequences.
B. there can be a shortage.
C. the market does not clear.
D. an equilibrium price does not emerge.
E. all of the above.
Compare an owner's personal liability for debts of a business organized as a sole proprietorship, general partnership, limited partnership, LLP, LLC, and S corporation.
Distinguish between the following views of monetary policy
Before 1976, the airlines often denied boarding to passengers who were flying on urgent business in favour of passengers who were not in any particular hurry to reach their destinations. This would seem to be a cooperative failure.
A test is conducted in eight cities to see if giving away free transit system maps will increase bus ridership. In a regression analysis, the dependent variable is the increase
The two firms have the same demand curve P=100-4Q, Marginal cost of Firm 1 is 5 and for firm 2 is 10.
What are the tools available to the federal government to implement fiscal policy. If you had the ear of the U.S. president, what advice would you give for the direction of U.S. fiscal policy.
Illustrate what advice would you offer Kyle also Chad when they are ready to present their business plan to a banker.
At the equilibrium values, determine the price elasticity of demand. What does this number tell us?
Illustrate what is the net current value of a project that requires a $100 investment today and returns $50 at the end of the first year and $80 at the end of the second year? Assume a discount rate of 10%.
Suppose nuclear power plants are banned in the U. S. What are the opportunity costs of this decision?
Illustrate what is the minimum efficient scale for each technology. Illustrate what if it was more optimistic about summer sales.
1. discuss the pros and cons of central banks setting policy based on rules as opposed to setting policy based upon the
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