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Plain Truth Adverting employs KPR, a large accounting firm, to audit its books each year. This involves considerable expense for the advertising firm, since its sales account managers are very independent and maintain separate record keeping systems. Should the CEO at Plain Truth cancel the audit and rely on a brief year-end summary from each sales account manager? Why?
Elucidate what would the elasticity of supply have to be for a food stamp program to increase the availability of food to the poor with no prices increase.
The US congress is presently debating the new budget. Should federal spending be drastically reduced.
Illustrate what sources of information were researched and utilized. What economic measures are commonly used in discussions of the health of the economy.
You must select between sports training or working full time. If you choose sports training, you will have less of a social life. You will also pay $20,000 A year for training, but you will get $15,00 grant.
Economists are often criticized for making assumptions. Explain why are assumptions necessary? To think about this, you might consider an assumption that is often made,
Illustrate what is an investment schedule and how does it differ from an investment demand curve.
Discuss what has occurred to change the demand for or the supply of the meats, market prices of the meats and its price elasticity of demand.
Dividends $1.12 and the multiple is 15 show mathematically. Explain how long Gina has to hold the stock to justify its multiple.
Briefly explain the tools that governments have to move the economy from either a recessionary or expansionary gap to the long run equilibrium level.
Describe how exchange rates are determined using supply and demand. What is the date and source of your exchange rates.
Compute the coefficient of price elasticity for the price ranges given in the schedule and complete the first column of the table. What do you notice about the algebraic sign of the values you have just computed? Why is this so?
Explain why do economists include only final goods in measuring GDP for a particular year and why dont they include the value of stocks and bonds sold?
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