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1. Explain how U.S. currency is suitable to use as a medium of exchange.
2. Why will there be less crowding out of private spending by government spending the less sensitive consumption, investment, and net exports are to changes in interest rates?
Illustrate distinguish between the functional distribution and personal distribution of income.
The time for a new instructor to create a Blackboard test question and check it out is 219 minutes. Determine the time in minutes or fraction thereof for him to create the 39th question if the average coefficient of learning is 0.77.
how many hours you spend playing. How much time should you spend studying microeconomics?
Consider the market for minivans is at equilibrium. Determine, using the supply and demand model, how the following events might affect the equilibrium price and quantity for minivans. Explain why fully. Consider each separately.
Describe an example of consumer's causing a product to succeed or fail based on their purchases or lack thereof.
Why is the long-run market supply curve upward-sloping in an increasing-cost industry? As output rises, demand increases. Higher demand increases the price that firms can charge for their product.
One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second bag of flour is sold to a consumer in a grocery store for $2.00. Taking these three transactions into account, what is th..
In case of a Giffen good, income effect dominates substitution effect. All the points along the demand curve share the same elasticity. The marginal cost curve passes through the minimum point of the average fixed cost curve.
If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single benchmark PE ratio, we now have a high and low PE ratio for each year. We can use these ratios to calculate a high and a low stock p..
When would it make sense for a factory that is losing money to remain in operation
One day when Gilligan was diving in the lagoon he came across a gigantic oyster. Gilligan loved raw oysters so he pried the mollusk from the rocks and hastily came ashore. When he pried open the oyster he was surprised to find a huge gray pearl. Defi..
Wedding Dresses Stores that sell wedding dresses do not typically permit photos, and do not have tags in the dresses that would identify the manufacturer and style type. What is the purpose of these rules? Suggest one other way of accomplishing the s..
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