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How would each of the following changes affect the demand cure for acupuncture?
A. The price of an acupuncture session increases.
B. A reduction in back problems occurs as a result of sessions on stretching on a stretching on a popular television show.
C. Medicare reduces the copayment for acupuncture from $20 to $10.
D. The surgeon general issues a warning that back surgery is ineffective.
E. Medicare stops covering back surgery.
Do some outside research on recent actions on the part of the Federal Reserve. The Fed is essentially responsible for monetary policy. Describe the functions of the Fed and why manipulation of the money supply has been such a prominent tactic over th..
Assume a US saver with $1,000 to place in a domestic or European bank CD. The interest rate for US and European savings equals 4%. If the saver keeps her money in the US, her return equals ____. If the saver moves her money to Europe with a forward t..
Explain the difference between adverse selections also moral hazard in insurance marketplaces.
Pat and Kris are roommates. They spend most of their time studying (of course), but they leave some time for these favourite activities. Making pizza and brewing root beer they decide to aside 6 hours for these activities. What is the opportunity cos..
Most industrial farms hire migrant workers, so the market for such workers is reasonably taken to be perfectly competitive. Suppose that all farms individually have a short-run elasticity of labor demand of –0.5. Explain why the reduction in employme..
How much oil conservation (from switching to smaller cars, carpooling, etc.) will a $0.50 per gallon tax on gasoline achieve? Are taxes on wealthy citizens of the United States too high?
Suppose that there are 1,000 hot pretzel stands in New York City. The market demand slopes downward, and the pretzel market is perfectly competitive (and starts in long-run equilibrium). Draw the current (long-run) equilibrium for pretzels. Use two g..
If a perfectly competitive firm raises its price, the quantity demanded of its product __________. The demand curve as perceived by a perfectly competitive firm is __________. Would raising the price for a product create a larger decline in quantity ..
q1. a. distinguish between monetary policy instruments and monetary policy tools.b. describe any two key tools of
A college raises its annual tuition from $28,000 to $30,000 and its student enrolment falls from 4,877 to 4,715. Compute the price elasticity of demand. Is demand elastic or inelastic? Explain and show your work.
Two university graduates, Bill and Steve, worked for an advertising agency at an annual salary of $40,000 each for 3 years after they graduated. Then, they decided to quit their jobs and start a partnership that designs and builds Web sites. What is ..
q.macro-economics is perhaps most divisive area of economics when functionalized to political decision making also
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