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According to freakonomics based on chapter 3 answer the questions below.
1. Explain how did the invention of crack cocaine transform the urban street gang?
2. As per the data cited in this chapter, civil rights laws and a shift in the attitudes in the United States regarding race helped to improve the status of black society. How did crack cocaine alter that progress?
3. Based on the examples in this chapter, what does the invention of better and cheaper production methods do to the price and sales of a good or service?
One could argue that a long commute to work is an undesirable characteristic of any job. If most people live in the suburbs.
Indirect finance is more important than direct finance in most countries in part because of information costs associated with lending. Explain why are financial intermediaries relatively more effective at reducing these costs
Why do you think macroeconomists focus on just a few key statistics when trying to understand the health also trajectory of an economy.
Elucidate how on your diagram also calculate the profit maximizing output also price. Calculate the consumer surplus at the profit maximizing price also quantity.
Considering political disposition as an axis of product differentiation does vertical or horizontal differentiation best categorize it.
Compute how many acres, hectares each person wold occupy if all U.S. residents.
What factors will contribute to the riskiness of these bonds.
illustrate what does this mean for the survival of small firms in the industry.
Estimate the deadweight loss from monopoly. Assume, in addition to the costs above, the musician on the album has to be paid. The company is considering four options.
Changes in disposable income affect government purchases and the government purchase function. How do changes in net taxes affect the consumption function.
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
Compute only the arc elasticity. So by using the midpoints formula, for this family, the price elasticity of demand.
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