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Suppose that the market for engagement rings is in equilibrium. Then political unrest in South Africa shuts down the diamond mines there. South Africa is the world's primary supplier of diamonds. What will happen?
calculate the money creation in the U.S. banking system with required reserve ratio at 0.20 in each of the following cases: (a) Sam's parents wired him $100,000 from Japan. (b) Sam won $100,000 from Texas lottery. (c) Sam found $100,000 worth coll..
In 2005, then Federal Reserve Governor Ben Bernanke, now Federal Reserve chairman, said in a speech: "Over the past decade a combination of diverse forces has created a significant increase in the global supply of saving - a global saving glut.
Household data, seasonally adjusted." What interests or surprises you about the summary table How does that rate compare with the rate in the previous month or quarter. the most up-to-date summary of unemployment in the U.S. or the "Employment Situ..
A recent Hal Varian commentary in the New York Times focused on the role of technological knowledge in explaining the different productivity experiences of Europe and the United States. Compared to Europe, the United States experienced much strong..
Even if inflation did increase the value of exports, would the balance of trade and the exchange rate necessarily improve from inflation that is higher than in other countries?
We are constantly hearing about the mass exodus of jobs to other countries (phone service, computer service, sales). Use the concept of comparative advantage to explain why this is occurring. Also, explain how the U.S. benefits
Ross Perot added his memorable "insight" to the debate over the North American Free Trade Agreement when he warned that passage of NAFTA would make a "giant sucking sound" as United State employers shipped jobs to Mexico,
Suppose payments are made at the end of every year, determine the annual payment required to retire a $50,000 loan with a term of 5 years and an interest rate of 10 percent;
The elasticity of demand for a product is likely to be greater (Points : 2) the smaller the number of substitute products available. the smaller the proportion of one's income spent on the product
Present the viability of the gasoline, planning the demand cost, market conditions, and economic conditions. Determine the market structure in which the selected good or service competes.
The absolute value of tea was $12 a pound and the absolute price of a Honda Civic was $16,000. In 2007, the absolute price of tea increased to $15 per pound
If you now have 62,500$ in your retirement account and you want to retire when the account is worth 2 million, estimate the rate of return that the account must earn if you want to retire in 20 years without adding any more money to the account.
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