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Changes in the price of a good or a service causes movement along the demand curve of that good. State four factors that cause shift of the demand curve of goods and services.
A "scarce" good is a good: Answer for which it is impossible to increase production any further given the available resources and technology. for which there is a shortage at the current market price.
The maintenance for a bus, whose life is 10 years, is $1500 per year starting the fourth year, increasing by $200 for each successive year. The interest rate is 5% per year. What is the present worth of maintenance cost?
There be surplus supply or surplus demand. What would be the quantity of surplus demand or surplus demand.
Describe the lower price alter the marginal utility you originally placed on the item.
Suppose you were having lunch withyour best friend who just enrolled in an economics class. He was complaining about how irrelevant the class was, commenting that he saw no useful purpose for economics.
The economy of Tinseltown has a consumption function of C = 15 + 0.7Y , investment equal to 8, government expenditure equal to 12, exports equal to 20, and an import function of M = 0.2Y. What is equilibrium real GDP for this economy?
1.What factors led to the mortgage default crisis 2.How did mortgage defaults affect banks involved in mortgage lending and mortgage investing? 3.Securitization TARP What do these mean 4.How did mortgage-backed securities spread losses during the ..
suppose that the natural rate of unemployment in a particular year is 4 percent and the actual rate of unemployment is
Compute the elasticity of demand for every parameter.
Compute the elasticity of demand in going from 2 unit to 3 units. Is the demand elastic or inelastic in this range.
Production Possibilities Tables for Germany and Canada (note that we are assuming that opportunity costs remain constant along the production possibilities frontier), and that each country produces only these two products).
q1- treasury bills have a fixed face calue say 1000 and pay interest by selling at discount. for example if a one-year
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