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What type of demand and supply would a hope diamond have. What impact will price have of the supply and demand curve? Be able to draw the graph that illustrates your answers
The cause and effect on how and why there was a government shut down a month ago.
Discuss utility and some of the properties about people's preferences. One is that "more is better ".do you agree that is always the case and if not do you have an example?
According to a Wall Street Journal article "MCI, in New Phone War Skirmish, Files Suit over AT&T Ad Claims," MCI was upset with AT&T over allegedly false claims that AT&T's service is cheaper than MCI's. Suppose that the typical consumer is a small b..
Illustrate what is the value of the money multiplier. What is the value of the nominal money supply. What are the nominal values of deposits, currency, and reserves.
Regional economic integration can be seen as an attempt to achieve additional gains from the free flow of trade and investment between countries beyond those attainable under international agreements, such as the WTO. What are the pros and cons of th..
Pick any public company and discuss which 2 or 3 macroeconomic indicators which would most profoundly affect that business and why.
Why is economics considered a social science? What role does economics play in your personal and professional lives?
Suppose that the Federal Minimum wage was recently increased from $7.25/hour to $9.00/hour. What impact do you think that will have on income inequality in the United States? Will those at the bottom of the economic ladder start catching up to those ..
q1. suppose you read in the newspaper that all last week the fed conducted open market acquires and also on tuesday of
A newspaper recently lowered its price from $0.50 to $0.30. As it did, the number of newspapers it sold increased from 240,000 to 280,000 (4 points) a) What was the price elasticity of demand for this newspaper (Arc/ mid-point formula)? What was the ..
You purchased a bounce house one year ago in which you were required to invest $6,500. One year passes. You decide to sell the bounce house. During the year you were paid $4,000 in profits. If you sell the bounce house today, you could receive $6,100..
Illustrate what do economists mean when they say that private goods tend to be produced in the right amounts.
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