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The lumber industry was hit hard by the sub prime mortgage turmoil in 2008. Prices plunged fro m $290 per thousand board feet to less than $200 per thousand board fee t. Many observers bel ieved this p rice decrease was caused by the slowing of new home co nstruction because of the glut of unsold homes on the market. Was this price decrease caused by a shift in thesu pply or demand curve?
Do analysis of the economic and ethical implications of the article event.
Explain how have US economic or fiscal policies affected employment rates
Indicate 5-of the world's economies that are the most free. How do income levels and growth rates of freer economies compare with the that are less free?
Let's watch a bank create money. Last Wednesday, the Bank of Numenor opened for business. The first customer, Edith, walked in the door with 100 silver coins called Thalers to deposit in a new checking account. The second customer, Max, walks in t..
Illustrate what is the difference between a movement along and shift of the demand curve. Show the impact on the equilibrium price and quantity that results.
Describe the functions also role of law in business and society.
Illustrate what would happen if the government intervened and lowered the maximum price that could be charged for this service or good. How would this change the output and price.
Illustrate what is the difference among nominal and real quantities and why make the distinction.
All workers are equally productive also workers vary in their preferences. Compute a worker who values his wage and the risk level according to the following utility functions
Why it is important that prices are flexible in our economy? What happens if the government controlled the level of prices, how would this influence prices? How can you relate the law of demand to a recent purchase that you have had to make?
Draw a graph of the Batman family's supply of loanable funds curve fro 1999. Show the influence of this change on the Batman's supply of loanable funds curve.
Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So, your first job will be to recreate the firm's cash flow statement for the year just ended. The firm had $100,000 in the bank at the end ..
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