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What is a difference between fiat and commodity money?
A. Fiat money allows an economy to easily expand the money supply, whereas it is more difficult to expand the supply of commodity money.
B. Tying an economy’s money to a commodity has no dangers, whereas the use of fiat money is very dangerous.
Assume that you are a manager of a firm that is a dominant firm in a cooperative oligopoly. Use supply and demand analysis for a cooperative oligopoly to answer one of the following questions: (a) how will the other dominant firms in the industry rea..
In the long run, an economy's level of output
Suppose that you deposit $2,000 in a savings account and a year later you have $2,300. Meanwhile the CPI rose from 110 to 121. The real interest rate is ____%. Enter your answer in the box below
Prove that the firm has decreasing returns to scale. Theresa received an order for 5000 units. Find the optimal K/L ratio, as a function of w/r. Next, assuming w = $20 and r = .10, solve for Ki*, Li*, and qi*. Then draw a graph, showing the isoquant ..
In replacement analysis the challenger changes its first cost value every year that the analysis is performed. In replacement analysis the PW method is the best method to solve a problem. Assets change in value due to deterioration.
What is the amount of equal annual deposits needed in years 7 through 14 to provide for a series of annual withdrawals of $2400 beginning 9 years from now and increasing at the rate of 2% per year through year 19? Assume an interest rate of 5% per ye..
Explain how much government securities should be purchased/sold if an open market operation is undertaken
This declaration would perhaps receive general agreement, but it is not always clear exactly Illustrate what concludes when something is in the public interest.
Draw the demand curve Q = 200 – 10P. Calculate the price elasticity of demand at prices of $5, $10, and $15 to show how it changes as you move along this linear demand curve.
During the same time, total annual movie admissions have barely changed. What cost factors can explain this trend? In addition, what demand factors might be also be relevant?
If domestic investment in an economy is smaller than the economy's private domestic savings
Mention three businesses that you are familiar with or that you have dealt with recently. Decide on which market structure that these businesses fit – perfect competition, monopolistic competition, oligopoly, or monopoly. What characteristics were mo..
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