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Question
At a given equilibrium point the demand is inelastic and the supply is elastic. Then, a positive shock (a shift to the right) of the supply should result in a (relatively) large decrease in the equilibrium price and a relatively small increase in the quantity.
The null hypothesis was H0: µ = 500 and the critical values were +1.96 and -1.96. Which is the most appropriate interpretation of the result of this test?
A proposal for dividing a four-lane highway is being considered. The cost is $6M for the roadbed, $3M every 15 years for pavement, and $125K every year
Suppose that society decided to reduce consumption and increase investment. How would this change affect economic growth? What groups in society would benefit from this change?
MNE's frequently change their charging strategies with their subsidiaries depending on the strength of the dollar, local versus home taxes, need to bolster
If the goal of the firm is both short- and long-run profit maximization. Explain how the owners of the firm can bring the management team's objectives (goals) to be consistent with the owners' goals.
Kennywood Amusement Park spends $75,000 each year in consulting services for ride inspection and maintenance recommendations. New actuator element technology enables engineers to simulate complex computer- controlled movements in any direction.
Do you agree with the US automakers' assertion that having to pay healthcare and post-retirement workers to the labor force negatively impacted US comparative advantage in the auto industry? Why or why not?
Fill in the blanks with the following words: size, discourage, supply, opportunity cost, duration, encourage, demand. If a government provides substantial benefits to the unemployed while they look for work, it reduces the _______ of being unemployed..
If the stock is fairly priced today, what expectation of the price of the stock by the end of year
Suppose that the matching function is given by: M = em(Q, A) = eQ^(0.7)A^(0.3) Express pc and pf as functions of e and labor market tightness j. Suppose that z = 1, b = 0.4, e = 0.9 and k = 0.24. Suppose that w = 0.75 Find the unemployment rate in th..
What threats do you think environmental sociology will have to address in the future?
Dianna and Jim both produce bananas and pineapples on the Macro Islands. The table above shows some of the combinations of the two products that can be produced using the same resources.
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