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Suppose that the market for engagement rings is in equilibrium. Then political unrest in South Africa shuts down the diamond mines there. South Africa is the world's primary supplier of diamonds. What will happen?
Illustrate what impact might such a reduction in purchases of U.S. treasury securities have on the cost of short- also long-term financing.
A common marketing tactic among many liquor stores is to offer their clientele quantity or volume discounts.
During hard times what should be done to encourage people to spend more so as to rise aggregate demand and invariably, create employment possibilities.
If the government unexpectedly levies a five-cent tax on every gallon sold by gasoline retailers, illustrate what will happen to the representative firm's cost curves.
Elucidate the difference in approaches and describe the impact these differences have on excess quantity of labor supplied.
Explain how to get the producer surplus. What about the area that lies beneath the x-axis.
Utilize these values at this point on demand to make the subsequent computations.
The two smallest banks have proposed merging. Under the standard merger guidelines of the Federal Reserve and the Justice Department.
The U.S. cigarette organization has negotiated with Congress also government agencies to settle liability claims against it.
Elucidate the concept of the opportunity cost. your answer could consider opportunity cost in the context of the production possiblity curve.
Explain how supreme as well as comparative advantages were used in your simulation.
List at least one advantage and one limitation of international trade you encountered in the simulation. Define absolute and comparative advantage in your own words.
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