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What will be the present value of $164.53 received five years from today, using the effective interest rate 10.47% per year?
Seitz and Hite outline a 'market approach', a 'state approach', and a 'civil society approach' to the alleviation of poverty.
Keynes' Law and Say's Law. How do they differ and how are they the same? Also, how would they relate to aggregate demand and aggregate supply?
Would consumers be better off in terms of welfare, when you compare a firm in monopolistic competition, oligopoly, and monopoly to one in perfect competition?
Kavita De Falla is an individual with low risk tolerance who has just inherited $100,000. She has no immediate needs for the funds but would like to supplement her current income. What would be the expected price of each bond one year from now if int..
Suppose that you own a home remodeling company. You are currently earning short-run profits. (Hint: If this is a perfectly competitive industry
The Disney Company regularly offers coupons good for discounted admissions into its amusement parks. However, they never offer any discounts on merchandise inside the parks (food; souvenirs; etc.). How can you explain this difference using the concep..
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Would the consumer prefer to get $100 in food stamps or $100 in cash? You need to justify your answer t..
Suppose that copayment for a specialist outpatient visit increased from $25 to $45 and the number of visits changed from 5 per month to 2 per month.
As soon as she graduated with an engineering degree and started working, Jamie bought a car for $40,000. A down payment of $10,000 was paid by her dad as graduation gift. The rest of the amount was financed with Generous Motors at 3% nominal interest..
The income share data below for Indonesia is from the World Bank, although it has been rounded very freely. Will anything happen to the Lorenz curve? Illustrate and explain in a few words. If you’re not sure, do a calculation for one quintile and see..
Assuming a 10% interest rate, how much could one afford to pay for the wood preservative treatment?
Illustrate what do economists call the percentage change in real GDP from year to the next. Under a business agreement 70/30 why should the 70% shareholder decision carry all day.
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