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“The high price of gasoline is hurting our economy” said Mark Kirsch, a trucker in April of 2008 when Gasoline prices were at all-time highs due to $100/bbl. + oil prices. “Its hurting middle class people.”
Explain to truck drivers why a government imposed cap on the price of gasoline would hurt the middle-class more than the high price of gasoline hurts.
Why you think that Microsoft's current share of sales in the personal computer operating systems market is (or is not) large enough for Microsoft to set prices for operating system software as a monopolist?
What happens to money supply and interest rates in general if Federal Reserve is a net seller of government bonds.
Explain how specifically can GDP be adjusted to better measure well-being.
What's the point of creating new bills with more security measures to prevent counterfeiting? (For example in the USA the new $100 bills have more security features). If the old bills are still acceptable as currency, why would anyone even try to cou..
Suppose that Poland had exports of $100 billion in 2014 and imports of $150 billion. What were their net capitals flows in that year? Give two examples of transactions that are part of the net capital flows of Poland, and indicate whether they enter ..
q.how do external costs level of output to produce and economic efficiency given a chartquantity private costs social
Explain why this formulation of consumption may provide a more accurate description of consumption than the simple consumption function that depends only on current income.
Suppose there are two closed economies: Economy A and Economy B. Economy A has a high average rate of time preference relative to economy B’s low average rate of time preference. Describe the differences you would expect to see with respect to intere..
In a post of between 150 and 250 words, respond to the following discussion: First, start with a very brief summary of the origins of sociology as a field of study discussed in Chapter 1. Now, consider the sociologists discussed in your textbook on p..
A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling?
q1. what is true about using the least squares method of plotting an estimated regression line on a scatter diagram?q2.
A property can be sold for $2,946,300 with selling cost of 6% of the sales price. The mortgage balance at the time of sale is $1,600,000. The property was purchased 5 years ago for $2,100,000. Accumulated depreciation allowances of $380,000 have been..
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