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Question: Suppose you need borrow $10,000 to resolve a personal matter (for example, to buy a reliable used car to get to work, repay a student loan, or pay off credit card debt you incurred as a misguided youth). Explain and identify three possible options available and discuss the advantages and disadvantages of each.
i) Technological advances have led to decreasing costs of extracting oil and gas, and nuclear reactor that produce higher levels or electricity output. How would the increasing availability of energy sources affect energy prices and how would firms b..
Briefly explain how and why adding government spending shocks to the baseline Real Business Cycle model helps to improve its empirical performance. How do the results depend on the substitutability between private consumption and government purch..
Assume that Dawn is barely scraping by and spends 70% of her income on food so that she can feed her family. Mark this point on the budget constraint.
Your knowledge of economics, what conclusion can be drawn regarding the roles of businesses and households in these two markets?
In 1980, the u.s. auto industry proposed that import quotas be imposed on foreign-produced cars sold in the United States.
Imagine that you are managing a small firm and thinking about entering the market of a monopolist. The monopolist is currently charging a high price.
Is elasticity a particular concern in this issue? Do we have a public goods problem? Is there a policy that is creating dead weight loss?
suppose five rational roommates are deciding on a place to have coffee together. there are four alternatives peets
Who is considering expanding sales in Asia. Your market research has identified the market potential in Malaysia, Philippines, and Singapore as described next.
The Temporary Assistance for Needy Families (TANF) has two main features: a basic benefit guarantee (basic benefit) and benefit reduction rate (take-back rate).
The ABC Corporation has an investment opportunity that costs exist50,000 and 4 years later pays a lump-sum amount of exist63,000.
Why are price elasticities of demand called elastic or "inelastic" when other elasticities (income or cross-price) are not?
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