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A sign at the fish market says, "50% off, today only: half-pound packages for just $3 per package." What is the regular price for a full pound of fish, in dollars?
WHAT SPECIFIC GLOBAL IMBALANCES ARE INDENTIFIED? WHY ARE THESE OF MAJOR CONCERN? WHAT COMINATION ECONOMIC CONDITIONS WOULD WORSEN A HAED-LANDING?
1. a study of the costs of electricity generation for a sample of 112 british firms innbsp 1946 - 1947 yielded the
The Wall Street Journal’s experience after it increased its price to 75 cents. what implicit assumptions are the publisher and the analyst making about price elasticity.
1. describe and explain the budget constraint. how does a consumer maximize utility under a given budget constraint?
Illustrate a monopolistically competitive firm in a long-run equilibrium? If yes, explain why. If no, explain why not and redraw the diagram so that it is a long-run equilibrium.
please show a breakdown analysisa study has estimated the effect of changes in interest rates and consumer confidence
The fiscal policy measure that has more direct impact on the economy is an increase in government spending if consumer confidence is lower than the previous month. One of the ways the President Obama stimulated the economy was through increased g..
Assume that you get a summer intern job and a recession start while you are there. Prepare a memo to your boss, who is a member of Congress,
If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment? Where is the ec..
The price elasticity for rice is estimated to be -0.4 and the income elasticity is 0.8. At a price of $0.40 per pound and a per capita income of $20,000, the demand for rice is 50 million tons per year.
1. Which of the following IS a function of money? a. medium of exchange b. store of value c. unit of accounting d. all of the above
The pervasive problem of scarcity means that every society must choose among alternative uses of its limited resources. Society has only so much labor, capital, land and entrepreneurship that can be used to satisfy the unlimited wants of its members.
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