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Design the function ticket. It consumes two counting numbers: one that represents the speed of a car and the other one the speed limit of the road. The result is one of these strings: (1)"fine"for a car that goes below the speed limit; (2)"danger"for a car that is going at most 5 mph faster than the speed limit; or (3)"ticket!"for a car that exceeds that last speed.
1. Explain why the real exchange rate never changes under the theory of purchasing power parity?2. What governs the behavior of nominal exchange rates under PPP?
You are a manager of Kleenex and you compete directly with Puffs selling facial tissues in America. Consumers find the two products to be indistinguishable. The inverse market demand for facial tissues is P = 3-Q (in dollars) in America.
The new Week 5 Discussion question. The current labor force is faced with a new opportunity....Giganomics . Take the time to do your own research on this concept, then address the following questions, responding with your own original ideas and po..
Assume as a professional economist debate about the wisdom of pursuing discretionary fiscal policy.
Describe the benefits and costs associated with each type of externality. What happens to the Supply and/or Demand curve.
Illustrate what components would be comprised in the spreadsheet. Explain how could you perform sensitivity analysis on the spread sheet.
Suppose that a delivery company current uses one employee per vehicle to deliver packages. Each driver delivers 50 packages per day, and the firm charges $20 per package for delivery. How many packages per day would each vehicle have to deliver in ..
On a scale diagram, with the percentage of households on the vertical axis and the percentage of aggregate income on the horizontal axis, plot the Lorenz curve for fantasyland?
A rural utility company provides standby power to pumping stations using diesel-powered generators. an alternative has arisen whereby the utility could use a combination of wind and solar power generators, but it will be a few years before the ene..
What is the settlement technique in which a neutral third party listens to both sides and then imposes a decision that is legally binding for both the company and the union.
What is the excel formula for Modified Accelerated Cost Recovery system (MACRS) depreciation? Initial cost 12,000 Salvage price 600
Discuss the arguments for and against globalization regarding culture, economics and the environment. Describe countries that benefit most/least. What is your opinion regarding globalization?
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