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Question: Does motivation come from within a person or is it a result of a situation. Explain?
Now consider the United States' current economic situation. Share your overall opinion of the subject and if you believe the U.S. economy has benefited or suffered (or both). Do you agree or disagree with your classmates' arguments? If you agree, exp..
A decrease in consumer spending can be expected to shift the
According to Transparency International (2014) Why do you think the U.S. does not have a perfect score? What does it need to do to improve its corruption perception index?
Market demand for a product is given by P=700 – 10Q. Marginal cost is given by MC = 200. Find the equilibrium price and quantity if the market is competitive. Find the consumer and producer surplus. Find the price and quantity under monopoly. Find th..
A local ice cream shop in a beautiful Miami beach realizes that its ice cream sales go up along with the number of shark attacks. Assume you are the owner of the shop and you realize that shark attack can be an excellent predictor of ice cream sales ..
Assume interest rates are fixed and the economy is closed (no trade with other countries). This economy is different from the basic economic model considered in class because government expenditures are determined differently. How much are Aggregate ..
Suppose than on Monday a Big Mac cost $3.00 if the exchange rate is $1 to 85 yen how much do you need to buy a big mac cost in Japan? You waited too long before buying your big mac in Japan and then dollar depreciated by 5%. How much would you now pa..
What is a specific, "real-life" example of a seller in the world today that meets the definition of a price taker? Your posting should be at least two paragraphs long and specifically identify the undifferentiated product (remember - no brand names h..
What effect will this have on supply and demand of loanable funds? How will this affect the real interest rate and the quantity of investment?
Assume that a national restaurant firm called BBQ builds 12 new restaurants at a cost of $1 million per restaurant. It outfits each restaurant with an additional $400,000 of equipment and furnishings. What is the ammount of economic investment that h..
According to the figure, U.S. GDP at Situation (3) is $8 trillion with a price level of 113. Suppose that the U.S. economy moves from Situation (3) to Situation (2). Which of the answer choices best explains the reason for this movement? A decrease ..
On the first Friday of this month, (Feb. 2017), data was released showing that in January 2017 the official unemployment rate had increased from 4.7% in Dec. 2016 to 4.8%. Economists had predicted no change in the unemployment rate.
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