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Suppose that Australia and New Zealand have agreed to create a currency union with a new single currency called ANZAC (and sacrifice their own domestic currency). Assuming that this decision is irreversible, discuss the policy implications. You may discuss from a single country's point of view (either Australia or New Zealand). You must also address briefly any social and/or cultural factors and their implications.
Two weeks later, Nina arrives and demands to purchase 15 of Seth's cars. Is he obligated to sell?
You know that if someone is drunk, then the probability of them being loud is .9. Use Bayes’s Rule to calculate P(drunk|loud).
What equal end-of-the-month payment for 24 months would be required to repay the loan with interest?
The annual expenses of manufacturing and selling the soap equal $73,500. Determine the EAW if the interest rate is 15%.
q.in a certain city where all parking is controlled by the city it is possible to provide parking facilities in the
Your friend's monthly demand for minutes of calling is given by the equation 50, where p is the price of a minute.
New entrants into an industry often find that they must advertise heavily in order to have even a chance of success. Does this mean that advertising is a barrier to entry? What advantage does advertising play? Be sure to answer this question by inclu..
Suppose Ecuador and Hongkong negotiate a voluntary export agreement in which Hongkong imposes on its exporters a quota that limits shipments to Ecuador to 40 computers Assume Taiwan does not tske advantage of this situation by exporting computers to ..
Illustrate scarcity, choice also prospect cost with the aid of a diagram demonstrating a production possibilities frontier
A farm must decide whether or not to purchase anew tractor. The tractor will reduce costs by $2,000 in the first year,$2,500 in the second and $3,000 in the third and final year of usefulness. The tractor costs $9,000 today, while the above cost savi..
Contrast market failure with government failure in the internalizing of externalities. Is it possible for the government to go too far in trying to internalize externalities? Consider external benefits and external costs. Describe the features of mon..
Do you think the industry environment is significantly different today explain.
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