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A worker earning an hourly wage of $8.50 decides to cut back to part-time to attend Houston Community College.
what is the opportunity cost?
The EU is an example of a trading bloc that coordinates laws to facilitate trade between member countries.
A producer produces good y using inputs x1 and x2 according to the production function y = x1^(alpha)x2^(beta) where alpha + beta
Explain and show graphically how the self-correcting(self-djusting) mechanism works in a recessionary and in an infationary gap. Does the ecoomy have a self-correcting mechanism. What factors (determinants) cause the AD curve to shift
what functions are served by bitcoins, what are the drawbacks and risks of bitcoins compared to the US dollar, and are bitcoins useful for any economy especially the US economy.
durable goods pricing. consider the example discussed in class. the monopoly sells two units of goods over two periods.
Suppose that two power plants, company 1 and 2 release sulfur dioxide (SO2) in a small urban community that exceeds the emissions standard.
Economic indicators are economic statistics that tell us how well the economy is doing. The GDP, unemployment value, and inflation vale are the most common macroeconomic indicators.
Explain how does the distinction among nominal and real interest rates add uncertainty to the effect of monetary policy on the economy.
Write the results of each expression. Use the proper type (such as .0 for a double). Note that a variable's value changes only if you re-assign it using the = operator. Discuss any errors you make with your neighbor.
In the months of preceding the expiration date, bargaining teams for the UAW and General Dynamics met to negotiate a new contract.
The price of Canadian-grown peaches skyrockets during an unusually cold summer that reduces the size of the peach harvest and Technological improvements in the microchip lead to price reductions for personal computers and an increase in computer sale..
A perfectly competitive industry is characterized by the cost function for individual firms: TC(q) = 0.01q2 + 100
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