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Which of the following was a consequence of the early-eighteenth-century consumer revolution in Europe? A Millions of Europeans lost their jobs as the influx of colonial products reduced the need for European-made goods B The demand for consumer goods such as housewares rose dramatically as ordinary people gained more disposable income, leading to job creation C The gap between rich and poor widened dramatically as the wealthy became conspicuous consumers, while the poor could not afford to buy goods D Productivity and wealth decreased as a result of the influx of goods like coffee and opium that promoted leisure and often led to intoxication
The going aircraft corportation is manually producing a certain subassembly at a direct labor cost of $100,000 per year. Annual maintenance for the automated system will be $10,000, and its market (salvage) value will be $7000 at any time in the futu..
Economists sometimes shock noneconomists by stating that they do not favor the complete elimination of pollution. Explain the rationale for this position.
q.jennas boss has decided to pay her a one-time bonus of 5000. she decides to save the money until she retires 4 years
suppose there are 50 honey producers in the market. What is the equilibrium price of honey? How much profit does an individual producer make in a month?
In the market for foreign-currency exchange in the open-economy macroeconomic model, which of the following does the amount of net capital outflow represent?
Find the profit-maximizing choice of q for this miniature farm; also compute profits that will be earned at this choice of q.
Find the annualized implied repo rate on a T-bond arbitrage if the spot price is 112.25, the accrued interest is 1.35, the futures price is 114.75, the CF is 1.0125, the accrued interest at delivery is 0.95, and the holding period is three months.
The problem of the commons is the absence of incentives to
Define access to healthcare and how it may be measured? Why does the lack of access to healthcare equate to just not having health insurance, or are there other factors? Why the shift from inpatient services, to outpatient services? What are the driv..
A fall in the value of the US dollar against other currencies makes US final goods and services cheaper to foreigners even though the US aggregate price level stays the same. As a result, foreigners demand more American aggregate output. You, however..
The community of Upper Snowshoe has expanded its winter tourism very rapidly. Three years ago, it built a new 16,000 kW power plant for $4,500,000. The local construction cost index was 157 at that time and has risen to 170 now. What is the estimated..
Mario works part-time at a Pizza Hit and earns an annual wage plus tips of $15,000. He sold 4,000 pizzas during the year at $15.00 each. He was unemployed part of the year, so he received unemployment compensation of $3,000. During the past year, Mar..
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