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Your uncle repays a $100 loan from Goliath National Bank by writing a $100 check from his GNB checking account. Use T-accounts to show the effect of this transaction on your uncle and on GNB. Has your uncle's wealth changed? Explain?
define the inflation rate. b explain how the cpi differs from the ppi as a measure of the u.s. inflation rate. c why is
Assume that a purely competitive firm is selling 2000 television sets a day at a cost of $90,000. Assume that if the firm sells 1600 units per day, its total cost would be $60,000, and if it sold 1000 units per day, it would have a total cost of $55,..
An investment of $100,000, increased to $168,510 over a 5 year period. What was the rate of return on the investment?
Sleak Teak builds yard furniture using domestic hardwoods and (in a smaller shop) knick-knacks form the same sort of wood. Although hardwoods were readily available in the past, recently they have become harder to obtain. Consultation with the man..
Describe why alternative efficient allocations may have different total levels, and different distributions, of wealth.
potatoes cost janice 0.50 per pound and she has 5.00 that she could possibly spend on potatoes or other items. if she
at the time of the national football league strike in 1987 the football owners made available thefollowing data
Which of the following statements is false a. Natural monopolies do not need to be regulated because they naturally behave to benefit society. b. Oligopoly markets require firms to behave strategically. c. Monopolistic competition produces with exces..
It has been proposed that toll collection on the Massachusetts Turnpike, a key commuter route into Boston from the west, be discontinued. Proponents argue that tolls have long ago paid for the cost of building the road
labor market statisticstype of statistic number millionspopulation under the age of 16 16population over the age of 16
At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for every 10% increase in the price of gasoline, the demand for gasoline reduces by 2.00%.
given the products below and the events that affect them indicate what happens to demand andor supply and the
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