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The nominal interest rate on a savings account is 4%, compounded monthly. what is the actual monthly interest rate? & is the effective annual interest higher, lower, or the same as the nominal interest rate?
Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly. What characteristics of the industry make it a monopoly? What is the impact of the monopoly power on its customers?
Illustrate what does the evolution of Coke's strategy tell you about the convergence of consumer tastes and preferences.
Explain what is meant by sustainability in different contexts? What is meant by "ecological footprint", "tipping point", and "life-cycle analysis" of a product? Is there such thing like a good economic growth and bad economic growth? Explain with exa..
Achieving lower pollution Suppose the government decides to raise the gasoline tax as a way to reduce air pollution and traffic congestion to their optimal levels. Which of the following describes why corrective taxes, such as the gasoline tax, are u..
If the nominal exchange rate were 1.2 Canadian dollars per U. S. dollar, illustrate what would be the real exchange rate.
What do temporary changes in the tax code do for incentives? Does this encourage long term planning? Should the government encourage long term planning? Should the Government use tax policy to change behavior?
A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium. Briefly explain the short-run adjustments for the market and the firm to a decrease in consumer incomes. What happens..
q.briefly explicate what means by the market is a commons. in your brief essay create sure you cover each of following
Real median family income in the U.S. has ______________________. (LO1, 2)
Suppose that Seth's income increases from $400 to $500 per week, causing Seth to increase his purchases of movies from 3 to 4. The income elasticity of movies is:
A firm has a production function Q = F(K,L) with constant returns to scale, where K is units of capital and L is units of labour. Input prices are r = $2 per unit of K and w = $1 per unit of L. When it produces 5 units of output, it uses 2 units of c..
The difference between a nation's balance of payments and its balance of international indebtedness
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