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Concerned about the polictical fallout from rising gas prices, suppose that the u.s. government imposes a price ceiling of $3.00 a galon on gasoline. Q:: Explain how the market for gasoline would react to this price ceiling if the oil-producing nations increased production anddrove the equlibriu price of gasoline to $2.50 a gallon. Would the U.S. gasoline maket be effiecient?
A Company issues $1,000,000 of commercial paper with a maturity of 60 days and a discount rate of 5%. The paper is sold through a dealer who charges 0.25 percent.
Suppose that the inflation rate in the United State and japan are 4 percent and 2 percent, respectively and that the current spot rate is $.0083333 per Japanese yen or 120 Japanesse yen per one percent dollar.
begin to think like an economist and analyze what accounts for the GDP numbers of the U.S. China, India, and Turkey. That is, which one of the four components of GDP did you find in your research accounts for the growth rates of these nations? Als..
Review the impact of the minimum wage on the natural rate of unemployment and make at least one recommendation for change (big or small) that would mitigate the impact while still helping the working poor.
Select a United State multinational corporation. In terms of currency denomination, how the firm prices its revenues and costs.
Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than the "full employment" unemployment rate (NAIRU)? Explain your answer in a few sentences. What state of business cycles (such as re..
Discuss and explain why business and consumer expectations about the economy are more important when the Fed uses expansionary monetary policy then contractionary monetary policy.
A local chain store has asked Columbia to produce 10,000 loaves of the wheat bread per month with the store's name on the packaging. The store brand wheat will be identical in ingredients as well as technic of production. Estimates are sales of 10..
Russia, Iran and Qatar made the first serious moves Tuesday toward forming an OPEC-style cartel on natural gas, raising concerns that Moscow could boost its influence over energy markets spanning from Europe to South Asia Such an alliance would ha..
The travel-to-work time for residents of the 15 largest cities in the United States is reported in the 2003 Information Please Almanac. Suppose that a preliminary simple random sample of residents of San Francisco is used to develop a planning val..
When the beer arrived it was found to be flat and Paddy's rejected it. Paddy's Pub could not find another source to buy the same beer for the same price. Paddy's was forced to buy the beer from another source at $55 per keg.
In this scenario, the husband and wife want to go to the movies together. The wife wants to see a romance film and the husband wants to see an action movie. Solve for the Nash equilibria to determine the outcome of the game using different strateg..
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