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What is commodity money and fiat money, and which kind we use?
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According to tournament theory: Pay gaps between job positions get larger at successively higher levels in the organizational hierarchy. High executive pay is due to moral hazard. People seeking the CEO’s job compete to acquire the right signal about..
Suppose that a golf club is designing a two-part tariff pricing mechanism in order toincrease profits. Suppose there are two types of golfers, mad-golfers and normal-golfers
Ceteris paribus, three industries are identical except that in industry A there are six firms that produce a homogeneous product. In which industry is collusion likely more sustainable?
Describe the factors that influence wage setting. Write down the equation that represents wage setting, describe the effect of each factor in the equation/function, and draw the corresponding diagram. Clearly state the assumptions behind your analysi..
What is information asymmetry and example? What is moral hazard and example? What is adverse selection and example?
Explain how simultaneous shifts in demand and supply curves could explain this situation: A pest attack on the tomato crop increases the cost of producing ketchup. A mild winter causes cattle herds to be unusually large, causing the price of hamburge..
Political scientist Garry Wills stated if leader is just an expediter of what other people wish, a resource for their use, the people are not being led but serviced.
You will recieve annual benefit $129.5 for 10 years if you invest $1,000 today. Calculate the internal rate of return for this investment. For the above a, you can get an increase of annual benefit $25 more if you increase the investment by $141.25 t..
Some of the benefits of having a Roth IRA is, that you can withdrawal money for college from your Roth IRA if you have to. While you can withdrawal your investment to fund college education expenses, there are a few limitations that you must consider..
Entrepreneurs see an opportunity where others see obstacles. A recession is a great example. Recession means unemployment, difficulty paying bills, fewer customers, home and business foreclosures, and cost cutting in different areas for individuals a..
Currently the U.S. national debt is over $17 Trillion. Many people feel the high level of the national debt is a very bad thing and it should be paid off. a. List and explain 3 advantages and 3 disadvantages of eliminating the national debt?
In a small open economy with a flexible exchange rate, an expansionary fiscal policy will cause which of the following to happen?
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