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Based only on the concept of demand elasticity:
When would you recommend raising the price of the good? Explain why.
When would you recommend lowering the price of the good? Explain why.
When would you recommend keeping the price of the good unchanged? Explain why.
What are the consequences of long term unemployment? Should policy makers intervene?
Peter's tax rate is 35 percent. What is Peter's weighted average cost of capital?
You want to you want to estimate the mean weight of quarters in circulation. A sample of 30 quarters has a mean weight of 5.649 grams in a standard deviation
The accompanying hypothetical production possibilies tables are for New Zealand and Spain. Each country can produce apples and plums. Plot the production possibilities data for each of the two countries separately. Referring to your graphs, answer th..
An increase in the minimum wage will tend to cause which of the following to ?occur?
Explain the connections between opportunity cost and the production possibilities frontier.
What are the pros and cons of regulating natural monopolies? Does it depend on the specific product or industry being regulated?
Explain whether each of the following events shifts the short-run aggregate-supply curve, the aggregate-demand curve, both, or neither.
Describe the theoretical problems of ethics (3), the objectives to solving them.
What are the main reasons for the existence of financial intermediaries? Define asymmetric information. What is the Asymmetric information problem of lending? Discuss the adverse selection and moral hazard problems of lending.
Discuss if you think policy makers truly represent the citizenry or are they pressured by third party special interest groups that support their campaigns. Shou
From a deontological ethical framework, construct an argument either in favour of a minimum wage or against it.
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