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Q. A local finance company quotes a 17 percent interest rate on one-year loans. So, if you borrow $17,000, the interest for the year will be $2,890. Because you must repay a total of $19,890 in one year, the finance company requires you to pay $19,890/12, or $1,657.5, per month over the next 12 months.
Q. Which of the following will most likely occur under a system of clearly defined and enforced private property rights?
an increase in demand for unskilled labor
a decrease in the supply of unskilled labor
a shortage of unskilled labor
a surplus of unskilled labor
If the number of suppliers in the micro calculator industry increases, illustrate what would we expect to happen.
Illustrate what are the fours upply factors of economic grwoth. what is the demand factor? What is the efficiency factor.
Explain how are the gains from trade shared among the parties to a trade. Is it possible for specialization and trade to increase total output of traded goods.
The electric power industry is held up in the article as an example of a natural monopoly. Brainstorm other examples that can be readily identified in the present market economy.
Elucidate what policy measures can be to combat cost push inflation and demand pull inflation respectively and commet on the possible side effects of these measures.
Illustrate what is the elasticity of demand if you raise the price of your airline's tickets by 6% also the number of tickets sold decreases.
Suppose also that ham and cheese are the only goods that this person buys and that bread is free.
Explain why did they have differing views on socialism, with Marx being optimistic and Weber being pessimistic.
Elucidate what is the effect of such tax on economic efficiency also the effect on economic equity. Do you think this was a popular tax.
Assuming that the marginal cost is zero to provide the rides to those in attendance, what is the best pay-per-ride price
Illustrate what way the U.S trucking organization exemplified the capture theory hypothesis of government regulation prior.
Calculate the equilibrium interest rate by setting the demand for central bank money equal to the supply of central bank money.
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