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CPI and stimulus package
Suppose that tuition prices suddenly go up 20 percent. What impact will this single price increase have on the CPI?
Consider the recent stimulus package to help the strugling economy. what are the pros and cons of tax cuts or increased government spending as stimulative tools?
Suppose the economy is slumping into recession and needs a fiscal policy boost. Voters however are opposed to large fiscal deficits. What should be done?
Explain what should the firm replace its old knitting machine, and if so, which new machine should it use.
All economics textbooks give examples that show diminishing marginal utility as consumption rises-However, it could be argued that a rational buyer should never experience negative marginal utility. Why?
Illustrate can be said concerning eCommerce (such as Amazon and other online stores) and individual behavior vs traditional storefront retail and individual behavior.
The organization you wish to pursue will convert existing hybrid Toyota Prius automobiles to plug-in hybrid vehicles.
Illustrate what will be the impact on American business, in terms of how businesses create value by integrating the production and distribution of goods, serivces, and information. How would this affect your business career.
Compute the income elasticity of demand for product below, by using average values for quantities and incomes.
If your payroll (budget) is increased to $120,000, what should you do to maximize the number of customers served?
What is Bill's opportunity cost of producing one hat, In which of the two activities does Mary have a comparative advantage.
using a demand and supply model to explain the impact of occupational segregation or "crowding" on the relative wage rates and earnings of men and women.
Are they required to ensure economic growth and a prosperous country.
Explain how supply and demand analysis is used to describe the extent to which taxes can be passed on to others.
At level of inflation explain how long does it take for the price level to double.
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