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Define the Law of Supply. Explain the economic reason why supply curves have the slopes that they do. Give an example
What were the main characteristics of economic growth in Latin America from the end of World War II until the debt crisis of the 1980s? What is import substitution industrialization? Explain its goals and methods. What are the main criticisms of impo..
Provide one example of a negative externality and draw a graph depicting the socially optimal quantity and the market quantity. Explain why this is a market failure. Explain the similarities between a negative externality and a common resource. Provi..
“Devoting a larger share of national output to investment would help restore rapid productivity growth and rising living standards.” Do you agree with this claim? Explain, using the Solow model.
Suppose a Sears coupon bond sells at a discount from face value. Is the coupon rate higher or lower than the current yield? Explain. B. Is the yield to maturity greater or lower than the current yield?
An investor buys a 3% 20-year bond with a face value of $1000 for $1088. After receiving semi-annual dividend payments for 11 years, the investor decides to sell it. What would the sale price need to be to get an ROI of 4% per year compounded semi-an..
The length of pregnancies are normally distributed with a mean of 268 days and a standard deviation of 15 days. What fraction of pregnancies fall within ±10 days from the mean length of pregnancies? What middle interval (of days) includes 0.95 fracti..
Each scenario below gives some information about price elasticity of demand. For each, calculate the missing data, and determine if the price change under consideration will increase, decrease, or not change the firm's total revenue. Honest Abe\'s Us..
what is the effect of government expenditure and government purchases on GDP?
Which of the following conditions may make predatory pricing by incumbents rational?
Why did Nokia and Alcatel-Lucent merge? Is their merger likely to be successful? What was the impact on the stock price?
Is the contribution to total surplus always positive? Why or why not? What is the total surplus, consumer surplus, and producer surplus at the equilibrium?
What is the equivalent annual worth of costs for the website over a total of 6 years at an interest rate of 12% per year.
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