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A lower price level in the United States affects the purchases of imported goods. Select all of the following affects of a lower price level in the United States on aggregate demand.
A. Quantity of aggregate demand increases
B. Aggregate demand increases
C. Import purchases increase
D. Import purchases decrease
Problem 1: David has $50 to spend on chocolate (X) and ice cream (Y). The price of chocolate, PX, is $5, and the price of ice cream, PY, is $8. His utility function for chocolate and ice cream is given by U = 2X1/4Y1/5.
Discussion on game theory concept, basic application for planning also how game theory is used to model behavior; types of games and how they are played.
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When a firm pursues a predatory pricing strategy, it does so
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Firms hurt by cheap imports typically argue that restricting trade will save U.S. jobs. What’s wrong with this argument? Are there ever any reasons to support such trade restrictions?
Karl Marx’s thinking is a product of the l9th century. There have been great economic, political, and technological changes since then. How are his theories to be evaluated today? Are they perhaps obsolete and outdated?
What is the difference between hedging and speculating? Give an example of speculating using commodity futures and speculating using financial futures.
Determination about whether an individual is an Indian is made by:
Assume that Garvin Enterprises', Corp. coupon bond currently sells for $5,800. Bond has a 5 year maturity, an annual coupon payment of $261, and a future value of $5,800. What is the promised yield to maturity on Garvin Enterprises' bond?
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