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Satiation occurs when people have everything that they need or want. Many economists have been fascinated with satiation. Which of the following is correct regarding satiation?
a. We have reached satiation many times
b. Capitalist economists have claimed that it is possible, but socialist have never made this mistake
c. There has been no indication that we have ever reached satiation, or are about to reach satiation
d. We have never reached satiation, but it is clear that we are nearing it
Consider Bob, he washes his car by hand rather than taking it to the local car wash. When asked why he washes it by hand, Bob explains "you should never pay for something you can do yourself.
In Sun Tzu's The Art of War, we are told: "When your army has crossed the border [into enemy territory], you should burn your boats and bridges, in order to make it clear to everybody that you have no hankering after home." Show that burning bridg..
The Xerxes Firm is composed of a marketing division and a production division. The marketing division packages and distributes a plastic product made by the production division.
Analyze the factors that influence the banks desired excess reserve ratio, r e . What would happen to the magnitude of r e if:
Examines the impact on international security, politics, and global trade. Analyzes the effects in terms of risk factors for humanitarian dimensions of affected nations and peoples.
Assume if the inflation rate is 5percent is this still acceptable. Provide quantitative justification for your answer.
In a competitive market, a firm's supply curve dictates the amount it will supply. In a monopoly market thesame is true.
explain how the changes in the equilibrium price also quantity.
The U.S. was on a "gold standard" from 1879 to 1933. Which of the following was a a major disadvantage of being on the gold standard from an economic point of view?
The textbook claims that when people do not have to pay anything to use valuable resources, such as urban roadway space, they will continue using them until their value diminishes to zero.
What is total output divided by the quantity of labor employed to produce it; the average product of labor or output per hour of work?
Assume bread is subsidized in a small Caribbean nation with a high percentage of citizens who live in poverty. The subsidy is paid to suppliers of bread through government in amount of 50 pesos per loaf.
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