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What is wealth and who owns how much of it? What are assets and debts? What impact does your level of wealth have on the types of assets you can acquire?
When looking at stores, you will find that competition will influence the market prices. The challenge that our economy is facing is that we need to monitor how many firms that are involved within an industry. What are the implications of these indus..
You set a goal to double in the future. If your salary increases at an average annual rate of 9.72 percent, how low will it take to reach your goal?
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? b) Explain what is meant by a built-in stabilizer and give two examples.
Consider two maple syrup producers that engage in Cournot competition. Inverse demand for maple syrup is given by P(Q) = 16 − Q and the marginal cost of each producer is 4. If the producers do not collude, what is the Cournot equilibrium amount of sy..
Consider the problem of carbon dioxide emissions. We will abstract from the complexity of the problem slightly, assuming there are polluters and consumers in two regions, the OECD (O) and the rest of the world (R). Proposal A involves the polluters p..
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. Given the price elasticity of..
Explain the fiscal and monetary policy implications of relationships identified by theshort run Phillips curve and the long run Phillips curve.
Is the Sarbanes-Oxley Act too strict, not strict enough, or just right? Explain. If so, how would you revise the compensation so that it was just? On what basis? Does the government have role to play? If so, in what manner?
How do the Minsky and Austrian explanations for the causes of the Great Recession differ? Explain how the proponents of government stimulus believe that it will affect aggregate demand and employment (be specific!). How might government stimulus poss..
Read the excerpt from Amy Tan’s essay “Mother Tongue.”I know this for a fact, because when I was growing up, my mother’s “limited” English limited my perception of her. I was ashamed of her English. I believed that her English reflected the quality o..
What constraints does the consumer who follows Biblical principles have on his consumption that a non-Bible believing consumer would not have?
Based on discussions surrounding the controversy over the value of the Chinese yuan in foreign currency markets, is China still using central bank foreign exchange policy to maintain the value of the Yuan?
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