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You have just inherited $100,000 from your rich uncle Sam. Being the conservative sort, you rush to your local bank and deposit the entire windfall. The reserve requirement is currently 10 percent. What is the immediate impact on the balance sheet of the bank? Mention each account affected and the appropriate amount. Also, assuming your bank lends out money to the extent allowed by law, how much will the money supply grow beyond the initial $100,000 deposit?
During field calculation it is known that the calculated number pf trips is actually 128. What is the value of the adjustment factor?
What is an "oligopoly" and why do they exist? Mention three or four oligopolies whose products you own or regularly purchase.
Assume the market for natural gas can be explained by, Where P is the price of natural gas per million BTU, Q(D) is the quantity demanded and Q(S) is the quantity supplied of million BTUs of natural gas a day.
Use demand and supply analysis to assist you, determine the effects on the exchange rate in British pound and the Japanese yen from
Suppose you are the Chief Economist of Antitrust Division of the Department of Justice. There is a single manufacturer of streaming video services that has a patent on technology so that no one else can give the service.
Who are maximizing their rational choice, the Japanese or the Americans and which of the three forms would Adam Smith agree is the best choice?
The demand curve demonstrate that price and quantity are inversely related. Briefly describe two justifications for this relationship. The supply curve demonstrate a positive relationship between price and quantity supplied.
Compute the short run total product, average product of labor and marginal product of labor for all numbers of L between 0 and 7.
Describe why some firms might suffer diseconomies of scale. Do you know any examples? Could GM be an example of diseconomies of scale?
What is the group preference according to the plurality rule and what is the group choice according to the Borda count rule
Assume that macroeconomic forecasters predict that the economy will be expanding in near future. How might managers employ this information
Make a short treatment on the examine governments take to promote exports and restrict imports. Describe who profits and who loses from protectionist rules as they relate to net outcome for society.
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