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What is the economic effect of price? ceilings?
A. An effective price ceiling will lead to a shortage.
B. There are no economic effects.
C. Resources will be allocated efficiently.
D. An effective price ceiling will lead to a surplus.
Do you think governments (including your own) should be allowed to use monetary easing policies to promote economic growth? (You can refer to your own research or the attached article "Is China Sparking A Global Currency War?". How do the various cur..
Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate (besides any mentioned in the text).
Consider an agricultural subsidy provided by the US government. Consider also that milk is one of the products subsidized. If there is NO trade with the rest of the world, the domestic price of milk in the US would be $2.25 per gallon and the equilib..
Think of a company (such as Apple Computers or Samsung) with which you are familiar. In a response of no less than 250 words, what are the three most relevant environmental categories that need scanning for that company? How have those categorizes im..
First Bank has total deposits of $2,000,000 and legal reserves of $220,000. a. If the reserve requirement is 10 percent, what is the maximum loan that First Bank can make, and what is the maximum increase in the money supply based on First Bank's res..
Mr. Agirich of Aggie Farms must choose between two alternative machinery investment programs which will perform equally. The following information is available. What are the annual gross revenues from System A in the 5th year? What is the present val..
Jim spends all his income on apartment rent, food, clothing, and vacations. He gets a pay raise from $3,000 a month to $4,000 a month. At the same time, airfares and other vacation-related expenses increase by 50 percent. How has Jim’s budget in term..
Mallory consumes a bundle of candy and cookies, spending all of her income. The price of candy is $1 and the price of a cookie is $0.50. At her current bundle, the marginal utility of the next bar of candy she could purchase is 12 utils and the margi..
Assume that he marries her the subsequent year. Other things equal, which of the following would be true concerning the reported official GDP the following year.
A Spanish can either produce 3 liters of win or 1 kilos of cheese. A Portuguese worker can either produce 4 litres of win or 12 kilos of cheese Which countries have absolute advantages in which goods? Which countries have comparative advantages in wh..
Suppose years of schooling, s, is the only variable that affects earnings. The equations for the weekly salaries of male and female workers are given by: What is the average male-female wage differential in the labor market? How much of this wage dif..
If this is a two-good, two nation model, what would Nation B’s best choice in regards to trade and specialization?
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