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An article in the New York Times states that: "On Aug. 15, 1971, President Nixon unhitched the value of the dollar from the gold standard." Is the author of this article correct that the United States abandoned the gold standard in 1971? What led President Nixon to take the action described in the article?
If you were managing a monopoly, and small entrant tried to enter your market, explain why it might make sense to cut prices so low that you would suffer losses for a time.
Pick a good or service and illustrate its market with supply and demand curves. Explain what each curve represents and tell what (specifically) would shift each of the curves.
explain the creation of money from excess reserves and the multiple deposit expansion in the banking system. how does
A central bank would decrease the money supply to
In the article entitled "The Economic Effects of Labor Unions Revisited," Vedder and Galloway attempt to prove statistically, using historical data, that labor unions do not have a good effect on the economy.
An agency is having problems with personal phone calls made during working hours. Each minute of a personal call costs the agency $0.50 in wasted wages.
In recent years, both the personal exemption and child tax credit have been increased in the United States. According to the basic principles of economics, how will the birthrate be affected by policies that reduce the taxes imposed on those with chi..
The radio advertisement costs $600 a month (30 days), find the firm's profit per case of energy drink (hint: consider daily advertisement cost)
Determine the profit maximizing ticket price for the theater. What is the price elasticity of its demand at this price? What is the elasticity of its demand with respect to advertising?
listed below are your new job requirements and at least one task for each.1 your role as an accountant prepare a job
Assume there is an imperfect capital market. Draw a graph to show the optimal years of schooling for an individual with high access to funds but of low ability and an individual with low access to funds but with ..
Redraw the graph illustrating an effective price ceiling, P1. Describe what must be true for this price ceiling to be effective. With an effective price ceiling, which side of the market is the short side? What is the effect of the price ceiling o..
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