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After reviewing the Scopes Trial Website, which document/argument do you believe best sums up the anti-evolutionists' position? Which document/argument do you believe best sums up the evolutionists' position? How does each side see the other?
Suppose the government increases both taxes and government purchases by $10,000. Assuming that the marginal propensity to consume is 0.75, calculate the change in private saving, government saving, and total saving. Then draw a graph of the loanable ..
What do the problems with the measurement of the Gross Domestic Product (GDP), Consumer Price Index (CPI) and unemployment rate statistics mean about the actual state of the economy as compared to what the statistics indicate. Is the country really d..
If the bond matures in five years and Jerry can buy one now for £3500, elucidate what is his IRR for this investment.
Ingrid took a university teaching job as an assistant professor in 1974 at a salary of $10,000. Illustrate what is Ingrid's 2003 salary in 1974 dollars.
In a market economy, every resource will tend to be paid according to its marginal product. Highly productive resources will command high prices, whereas less productive resources will command lower prices.
Suppose the government decides to raise the gasoline tax as a way of reducing air pollution and traffic congestion to their optimal levels. Which of the following describes why Pigovian taxes, such as gasoline tax, are unlike most other taxes?
Assume the Bank of Japan allowed the money supply to grow by 2% each year while the Bank of Korea chose to maintain relatively high money growth of 12% per year.
Critical Thinking: Human beings are odd creatures. We can predict the negative consequences of certain actions, and yet, we proceed with those actions. If people were logical and thought long term, no one would eat more doughnuts than fruit, no one w..
What is the capitalized equivalent cost of a dam that will cost $25 million now and will require $2 million in maintenance annually? The effective annual rate is 12%.
How do I find the level of output (Q) that revenue is maximized?
Consider an economy where, consumer’s utility function is given as U(C,L)=C-(1/2)L2 . where C is consumption and L is labor. The production technology is Y=(1.6)L-(1/2)L2 . The turnover cost per labor is (0.36)/(w/p). What happens to t as real wage i..
the quantity demanded of Cake is 100 slices and the quantity demanded of cheese bread is 100 pieces.
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