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A traveler has to pass tests of increasing difficulty to meet an Eastern mystical master. For the first test, he meets a pair of twins at a fork in the road: one path leads to the jungle, the other to the mystic. One of the twins always says the truth, the other always lies. What yes/no question should you ask one of the twins to determine the path that goes to the mystic? For the second test, the traveler encounters a second fork in the road. Again, one path leads to the jungle, the other to the mystic. This time, there are three look-alike brothers: one always tells the truth, the second always lies but the third sometimes tells the truth and sometimes lies. What two Yes/No questions should the traveler ask two of the brothers to determine the path to the mystic? Each question is answered by only the brother it is posed to. For the second question, the traveler may choose the brother and the question depending upon the answer to the first question.
q.address the following questions1. what is the elasticity of the demand for cookbooks bought this way?2. is the
Find an article from a reputable news outlet (this should be a news article not an academic one) that both relates to the content of this semester and contains a graphic presentation of data. Assess how well the author's graphic accurately communicat..
Allows the government to collect wealth for redistribution based on the amount of stored wealth that is being passed on in the form of an inheritance.
You just started working as a Health Service Manager at a major hospital. The CEO thinks he has a great idea, and wants your opinion on the following:
Consider a two currency model where there are U.S. Dollars ($) and the Euro (€) being exchanged. Suppose a permanent decrease in the money supply causes the U.S. exchange rate ($/€) to change in the long run. Will the long run U.S. exchange rate be a..
Explain how a manager would avoid having espoused reality enter into his or her department. Include a discussion on the tools they could use, would department meetings help.
For the next three questions, refer to the production possibilities schedules shown below: Country Rubber bands Paper Clips A 40 80 B 10 40 37. In country A the opportunity cost (relative price) of one paper clip is: a. 2 rubber bands. b. 1 rubber ba..
The labor market for nurses though cyclical often has been characterized by prolonged periods of apparent shortages. One potential explanation for the phenomenon is the monopsony power of hospitals as employers of nurses. Discuss why monopsony may (o..
Compute the percentage change in nominal GDP, real GDP also the GDP deflator.
In general, if the Fed increases the supply of money by 5%, which of the following statements can we claim to be true with certainty?
The Great Inflation affected the banking industry through the following channel(s).
Explain how markets in perfect competition differ from markets that are imperfectly competitive. Illustrate what role does firm have in determining market price under each condition.
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