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[Gold prices and the gold standard] Go to the Web site of the Federal Reserve Bank of St. Louis Federal Reserve (FRED) (research.stlouisfed.org/fred2/), and find the Gold Fixing Price 10:30 a.m. (London time) in London Bullion Market, based in U.S. Dollars (GOLDAMGBD228NLBM) from 1968 to the most recent available date.
a. What explains the relative stability of the price of gold from 1968 to 1971?
b. What implications do the movements in gold prices since 1971 have for an attempt to reestablish a gold standard?
develop a list of on-line and text based resources you might use to gather historical economic data as well as economic
Some years ago, conservation groups paid cattlemen in the Western United States to move their herds away from wild buffalo herds so that the buffalo would have more feed and would not have to compete with the cattle. What is the relevance of the Coas..
Draw the event tree of economy. For both nodes at t=1, compute the netindex return between periods 0 and 1. What is the expected return of the indexbetween t = 0 and t = 1?
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When appropriate, the optimal solution to a maximization linear programming problem can be found by graphing the feasible region and: finding the profit at every corner point of the feasible region to see which one gives the highest value.
It is anticipated that one-time renovations costing $500,000 will be carried out after 18 years. Overall benefits to the community are expected to average $220,000 per year. The facility will have no salvage value. Assuming an interest rate of 5% ..
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Cash flows of two mutually exclusive projects are as follows. Project A costs $80,000 initially and will have a $15,000 salvage value after 3 years. The operating cost with this method will be $30,000 per year.
A cruise line offers a one week tour of Alaska for $2,400 per person. If more than 200 passengers join the tour, the price is reduced by $3 per additional pas- senger. The tour can accommodate 1000 passengers. What number of passengers maximizes t..
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