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Answer the following questions about the gold standard:
1) Describe what is meant by the Gold Standard.
2) What were the problems with the gold standard?
3) Is the dollar backed by gold today?
4) Find a descriptive article which deals with a current exchange rate issue.
Briefly summarize the article. Include the article with the summary. [current in this case means 2013).
Toys Corporation has estimated its demand and cost function what will be theprice and quantity if Toys would like maximize profits
Select a product you have purchased in the past month from a clothing or shoe store. Explain how each of the four factors contributed to the elasticity of the good.
If our example patron was a teenager, it's likely the power need that he expressed was a normal teenage reaction to a parent interfering in his life. In additional library visits by his choice, he might reveal himself as achievement motivated. If tha..
Describe why some firms might suffer diseconomies of scale. Do you know any examples? Could GM be an example of diseconomies of scale?
Define the barriers to entry into an industry. Describe how each barrier can foster either monopoly or oligopoly. Which barriers, if any, do you feel give rise to monopoly that is socially justifiable?
Calculate the net present value and benefit-cost ratio for four different discount rates
Assume that the demand curve is given by the following: p=100 and the supply curve is given by Q=p-25. If the government puts in place a tax of 10 that must be paid by the buyer the deadweight loss that results is equal to:
As a result of increased tensions in the Middle East, oil production is down by 1.2 million barrels per day-a 5 percent reduction in the world's supply of crude oil.
How big will that budget have to be before he would spend a $1 buying a first cup of coffee?
Estimate the number of cups served per week and determine outlet demand curve. What would be the effect of a $5000 increase in the competitors' advertisement expenditure and outlet demand curve
Discuss why will voluntary actions, undertaken at individual level, be unlikely to bring about significant decrease in greenhouse gases such as CO(2)?
While sitting in your office one evening, you start to think about some of the key microeconomic messages you wish to communicate to the Board.
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