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GDP calculations do not directly include the economic costs of environmental damage-for example, Global warming and acid rain.Do you think these costs should be included in GDP? Why or why not?
Which of the following exemplifies privatization?
A grocery store wishes to attract more customers and is considering starting a promotion. The supermarket could give a discount on some frequently purchased items or a general discount. In your diagram, show how the discount would affect the budget c..
If r is 1 percent, what is Y along the LM curve? If r is 3 percent, what is Y along the LM curve? If r is 5 percent, what is Y along the LM curve?
What are the roles of money? Explain in your own words what each of these roles mean. Which of the roles do the following items satisfy? a. A credit card b. A painting by Rembrandt c. A subway token
US imports oil at the world price, $55 per barrel. The domestic supply curve in barrels per day is S = 2500000 + 250000P with P in dollars. Domestic demand curve is D = 70,000,000 - 500000P. Draw the US demand and supply curves for oil and indicate h..
What variables cause the long run aggregate supply curve to shift? for each variable , identify whether an increase in that variable will cause the long run aggregate supply curve to shift to the left or right
The manager of a major league baseball team argues: “Even if I thought Player X was washed up, I couldn’t get rid of him. He’s in the third year of a four-year, $24 million deal. Our team is in no position to eat the rest of his contract.” Analyze th..
A firm is hiring 9 workers at $8.00 per hour. In order to hire an additional (10th) worker it must raise the wage it pays (to all workers) to $8.50 per hour. The marginal factor cost to the firm of hiring the 10th worker is
A t-shirt maker would be willing to supply 75 t-shirts per day at a price of $18.00 each. At a price of $20.00, the t-shirt maker would be willing to supply 100 t-shirts. Using the midpoint method, the price elasticity of supply for t-shirts is about
If you were the angel investor, what is your certainty equivalent for these two projects? Are you risk-averse, risk-neutral, or risk-lover?
Please specifically identify and describe one concept or technique and explain how you think it will be helpful to you.
In an attempt to bring lenders and borrowers together following the financial crisis of 2008, the federal reserve made a large amount of new funds available to financial markets. Any of these loaned out by banks would be classified as __________ of t..
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