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Identify 3 advantages of counter-trade? Explain how counter purchasing works.
A consumer splits their income equally between two goods. If the price of one good increases by 10% and their income increases by 5%, show that the consumer’s optimal consumption bundle will change despite them being able to afford their original bun..
What is the equal-payment series for 10 years that is equivalent to a payment series starting with $15,000 at the end of the first year and decreasing by $3,000 each year over 10 years? Interest is 9% compounded annually.
Illustrate what happens when a consumer decides to save and reduce thier spending of consumer goods. Does this affect the supply of money, demand of money or the intrest rate.
What impact would you expect this increase in the gap in living standards between the richest and poorest to have on income elasticity today? Briefly discuss.
If you had to give a short lecture on Native american history, what 9 passages from the book "Lies my teacher told me" by James Loewen, would you include( 3 passages from each chapter i.e "1493", "Red Eyes", and the "Truth about first thanksgiving" a..
What is the advantage and disadvantage of both compiler and interpreter?
The United States is a net exporter of services to China. What does this imply about the magnitude of the deficit in the U.S. balance on goods and services with China compared with the size of the U.S. merchandise trade deficit with China?
What would an increase in government purchases do to aggregate demand? When would an increase in government purchases be an appropriate countercyclical fiscal policy? If the current budget shows a deficit, what would an increase in taxes do to it?
The traditional U.S. auto industry (the Big Three) has struggled for many years against competition from foreign-owned automobile companies. Their struggle was dramatically heightened in 2008 with the world-wide credit crunch and economic slowdown. W..
In quarter 5 the demand is 8,472,091 units and supply is 8,687,459 units at equilibrium. In quarter 6 supply inccreased to 9,593,212 and demand to 8,725,230. Is the market getting closer to short-run equilibrium where market demand is equal to market..
In which markets will firms probably have the most difficulty recouping their investment in technological innovations?
An electric motor is rated at 10 horsepower (HP) and costs $800. Its full load efficiency is specified to be 85%. A 10 HP high-efficiency motor has an efficiency of 90%, and costs $1, 200. It is estimated that the motors will operate at a rated 10 HP..
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