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Suppose you just had a new addition to your family. If you put away $600 a year ($50 a month) in an investment earning 10% per year to use toward their college education or other training after high school, how much will you have after 18 years?
Suppose that the government imposes a? per-unit tax on item X and suppose that the demand for good X is less elastic than the supply of good X.
According to the Federal Housing Finance Agency house price index, U.S. housing prices declined throughout 2008 and 2009. What are two demand determinants and two supply determinants that might explain the broad decline in house prices that occurred ..
Calculate the annualized value of a building that would cost $1 million to replace and has a life of 25 years. Use interest rates of 5%, 10%, and 15%. Show your calculations not just the final answers. Assume that a piece of equipment has a replaceme..
Consider the following Heckscher-Ohlin model. Spain and Italy produce shoes and T-shirts using capital and labor. Spain is labor abundant and Italy is capital abundant. Shoes are capital-intensive and T-shirts are labor intensive. Suppose both countr..
Discuss the pros and cons of using social media such as Linkedin,Facebook,and online blogs as part of an integrated marketing communications stragey in the marketplace live simulation? Marketing
Illustrate money supply should the Bank of Canada set next year if it wants to keep the price level stable.What money supply should the Bank of Canada set next year if it wants inflation of 10 percent.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities.
There are several United States agencies/organizations that work together to strengthen the United States' competitiveness in the trade industry, promote trade and investment, and ensure fair trade and compliance with trade laws and agreements. Some ..
Max has the utility function U(x, y) = x(y + 1). The price of x is $2 and the price of y is $1. Max’s Income is $11. How much x does Max demand? How much y? If his income doubles and prices stay unchanged, will Max’s demand for both goods double?
A father wants to save for his eight-year-old son's college expenses. The son will enter college 10 years from now. An annual amount of $30,000 in constant dollars will be required to support the son's college expenses for four years. What is the equ..
Determine algebraically the equilibrium price and quantity? Suppose that the price to be fixed at $110. Determine algebraically the surplus or shortage that would result? Discuss the differences in elasticity of supply and elasticity of demand?
In their path of economic development, are there any similarities? If so, what are they? Are there any differences? If so, what are they?
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