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Scores have an average of 1200 with a standard deviation of 60. A sample mean of 36 scores is selected. What is the probability the the sample mean will be larger than 1224?
Explain why is it wiser for the government to put a sales tax on a good that is demand inelastic than on one that is demand elastic.
Determine which is true of leakages and injections in the circular flow, the consumer price index measures changes in
Explain how does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns.
Characterize each of the following statements as true or false, and explain your answer.
Which of the following resources receives income known as interest when it is used in the production process? entrepreneurship
A company must decide whether to buy Machine A or Machine B.Machine A:Initial Cost: 10,000
Potatoes cost Janice $1.10 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. If she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14
Short term Treasury bills [3 and 6 month] have current annual rates of interest around 0.5%. Use that info plus your best forecast of inflation to calculate the real rate of interest on those bills.
Does LRMC =MR for Competition? Does LRMC =MR for Monop. Competition? Does LRMC =MR for Oligopoly? Does LRMC =MR for Monopoly? Does P=AC for Competition?
What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal policies affect your organization?
Arise in U.S. inflation causes many U.S. residents to buy gold, which is a major South African export good, as a hedge against inflation.
A firm that is a natural monopoly Answer has very small fixed costs and very large marginal costs. can supply the entire market at a lower average total cost than two or more firms. cannot make an economic profit if it is not regulated.
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