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Suppose the chartered banks decide to greatly reduce the availability of student loans that are guaranteed against default by the Canadian government.
a. What would you expect to happen to the demand for credit cards by students?
b. What would you expect to happen to the quantity of credit cards issued to students? To the willingness of students to incur debt at the much higher rates of interest charged on credit cards?
c. Are credit cards a substitute, albeit an imperfect one, for student loans? What sign (positive or negative) would you expect for the cross-price elasticity of demand for credit cards with respect to interest rates charged to students for other forms of credit?
Suppose the price of pork, an input in the production of hot dogs, increases. Which of the following accurately describes how the hotdog market is affected?
q.assume a calculator virus disables the nations automatic teller machines making withdrawals from bank accounts less
q1. how would keynesian solve a recessionary gap using personal tax rates increase or decrease government spending
Suppose that the production of $1 million worth of steel in Mexico requires $100,000 worth of taconite. Mexico's nominal tariff rates for importing these goods are 20 percent for steel and 10 percent for taconite. Given this information, calculate th..
Use the AD/AS model to explain and show the current economic situation. Then suggest a fiscal approach to solve the current economic situation without adding any more debt. The current MPC = .80.
q1. using graphical analysis describe the effects of the following events on their respective markets. concisely
Compare and contrast internal and external validity. Describe and give examples of research questions for which external validity is a primary concern. Describe and give examples of research questions in which internal validity is a primary concern. ..
How are the different dimensions of globalization - economic, political, cultural, ecological - connected?
Discuss the idea of DRG-based prospective payment mechanism for hospitals. Discuss the potential effects of DRG payment on quantity of services produced by the hospitals, composition of different types of services offered, incentives for adoption of ..
Illustrate what is the average labor productivity, in terms of square feet per painter-hour.
Suppose a consumer live two periods, in the first have an income m1 = 30 and in the second an income of m2 = 20. Suppose the interest rate is 10% and can borrow and lend at that interest rate. What is the maximum quantity he can consume in the second..
a rich man has 1,000,000 in the bank earning 7% interest. He plans to give away 100,000 at the end of the year and to increase his gifting by 10% each year there after. How long with the million dollars last?
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