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Discuss the correct and incorrect economic analysis in the following statement.
"If good weather in Hawaii creates a bumper crop of pineapples, the supply of pineapples will increase. This will result in a price decrease, which will then cause the supply of pineapples to decrease."
Suppose there are 81.0 million people not in the labor force; 154.0 million in the civilian labor force, and 140.9 million employed. Based on these numbers, what is the unemployment rate?
Discuss in terms of your study in this course, how might you know that you are at a point of diminishing returns, or where more study will not benefit
And today we have so many shocks to Wall Street, and to the public in general. What was particularly devastating about corporate collapse seems so sudden
When we depend on imports to provide necessary products (food, oil etc.) we make ourselves vulnerable to the will of other countries. If they decided to stop selling to us then our economy or society could be critically hurt. In order to develop new ..
The Paper Dragon Limited Partnership makes two products, paper and cardboard. The relationship between π, the firm’s annual profit (in thousands of dollars), and its output of each good is: find the output of each good that Paper Dragon LP should pro..
To counter parents' concerns about fast foods and childhood obesity, McDonalds considered: Domestic currency depreciation will:
How does a government spending and tax policy act as automatic stabilizers for the macro economy? Given the logic of the automatic stabilizers, why should we be concerned about deficit cutting efforts during a recession? What types of lags in fiscal ..
What is meant by a marketing mix? Briefly describe how a firm configures its marketing mix.
Why do economists consider subsidies (payments to firms) a better way to lower prices than imposing a price ceiling?
Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y) = X+2Y UB(X,Y) = X*Y The initial endowments are: A: X = 2; Y = 8 B: X = 2; Y = 8 a) Using an Edgeworth Box, graph the initial allocation and draw t..
A bond was purchased for $1000. Quarterly interest payments of 3.50 have been received. After 18 months the bond was sold for $1243.51. What is the annual effective interest rate earned on this bond?
Which of the following questions would most likely to be a topic for a microeconomics class? what would be the impact on competition in the cell phone market if there had been an ATT takeover of T-mobile? what is the main reason for the low inflation..
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