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Problem: What is the difference between a closed shop and a union shop? Which of these would unions prefer, and why? Which would the management of a business firm prefer, and why?
You take $1000 you had kept under your mattress and deposit it in your bank account. If this $1000 stays in the banking system as reserves and if banks hold reserves equal to 20 percent of deposits, by how much does the total amount of deposits in th..
Informal financial institutions and its system are important in serving the group at the bottom of the income pyramid. Explain the characteristics of informal financial institutions and the importance of its financial systems.
A production possibilities frontier can shift outward for all of the following reasons except. The increased labor force participation of married women in the United States is most often explained by: A movement along a demand curve can be attributed..
q. an independent trucker has the following options. if he buys expensive machinery then he can hire fewer drivers to
You are an economic advisor to the Treasury of the United States. Congress is considering increasing the sales tax on gasoline by $.03 per gallon. Last year motorists purchased 10 million gallons of gas per month. The demand curve is such that every ..
Explain why selling output at a price below that at which marginal revenue equals marginal cost (MR = MC) might serve to deter entry of a potential competitor.
If he continued to work exactly as many hours as he did before the wage increase, how much more money would he have each day to spend on consumption?
Suppose a country enacts a tax policy that discourages investment. As a result, the value of the parameter ¯s now goes to a smaller value ¯s ′. Assuming that the economy starts at its initial steady state, use the Solow model to explain what happens ..
The required reserve ratio is 5 ?percent, and the bank chooses not to hold any excess reserves but makes loans instead. What are the? bank's total? loans?
What are the uses of money? How do banks help the Federal Reserve Bank to create money?
Most tax payments increase as GDP increases. Government spending influences spending indirectly. A deficit nation in a fixed exchange rate system can improve its balance of ayments by increasing _____. Why do economists insist on emphasizing the diff..
Graph out this situation using a single supply and demand diagram representing one firm. Label the initial equilibrium price and quantity (P 1 , Q 1 ); Then demand increases, creating an excess demand. The firm can either respond by increasing price ..
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