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A man breaks into your house and steals several items. Upon breaking in he destroys a lock to get into the house. Upon leaving he knocks over, and breaks, a vase that was given to you by your great grandmother who you loved very much. The man is caught and all of your goods are returned to you. As a part of the sentencing he is required to reimburse you for the vase he broke and any damage done to your house when breaking in. The judge awards you $5 for the lock (the cost of the lock at a hardware store) and $50 dollars for the vase (the cost of a very similar vase at a retail store). Was the compensation fair for the lock? For the vase? Why or why not?
Using the formula that approximates bond price change as a function of the duration, please calculate the price change of both bonds if yields drop from 5% to 4
If so, does it mean that this economic theory is just wishful thinking? Is Iran a case in point, stripping away all of the politics?
While grading a final exam, an economics professor discovers that two students have virtually identical answers. Illustrate which outcome do you expect.
How can an event such as the terrorist attacks of September 2001 affect consumer and business confidence and the economy?
Compute the coefficient of variation for each project and Classify the preferred project according to this criterion.
Recently there has be a drive to increase the production of alternative fuels from corn. The argument used by many is energy self sufficiency. In light of the desire to reduce our use of foreign produced oil, many have suggested we should subsidize t..
Will there be a continued decline in immigration of people from Mexico to the United States in future years because of the NAFTA
Compute elasticities of demand and explain briefly for each the relevance of this information in decision-making by the firm. The data has been generated in each case from recent market experience or from test markets.
When a system of pollution rights is in office, polluters have no economic incentive to reduce the amount of pollution they generate. Over time banks have become more efficient at using bank capital and thus use less of it relative to the assets they..
Here are only some stars to fully staff every team, but there are enough for a few to be on each team if an owner decided to hire them.
Consider the AD/AS model built from the IS/LM. The economy was operating at full employment, but it is suddenly hit by a negative demand shock in the form of a decrease in planned investment at each level of the real interest rate. Compare the initia..
If the sample size of your sampling distribution is 9, find the variance of the sampling distribution of the mean.
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