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Tokyo's streets are characterized by a plethora of vending machines-dispensing everything from soft drinks, candy bars, and cigarettes to magazines, personal toiletries and beer. Unlike other major cities such as New York and London, virtually every downtown street corner seems to have at least one vending machine. Relying on the concept of opportunity cost, explain why vending machines are so prevalent in Tokyo versus more traditional purveying mechanisms such as newstands and grocery stores.
Once you've had a chance to look at data, I'm interested to hear your perspective, how they compare with international unemployment and inflation levels, and what impact, if any, they have on GDP.Unemployment and Inflation are two stats I'm sure yo..
Assume the value of the French Franc in terms of dollar is 50 on October 12 , and 44 on October 17. Determine the Franc appreciated or depreciated against the dollar?
how does the replacement of home production with production through markets affect real GDP. how does it affect the usefulness of comparisons of real GDP per capita at the end of the twentieth century with the same measure at the beginning of the ..
What role did Swiss government and politics play in 2001 liquidity crisis and grounding of Swiss air and did the government and politicians act unethically together with the banks.
The National Debt Try the following exercises to better understand how the national debt is related to the government's budget deficit a. Assume that the gross national debt is initially equal to $3 trillion and the federal government then runs a de..
A pharmaceutical company (player 1) introduces a new cold medicine. The medicine may either be highly effective (H) or have little effect (L). The company knows the effectiveness of the drug, but a representative consumer (player 2) knows only that..
As the French franc appreciates in value relative to the United States dollar, what happens to the price of United States goods in France? What happens to the price of French goods in the United States?
What is the slope of the budget line
If the account increased at a market rate of 15% per year and inflation averaged 3% per year over the entire deposit period, determine the purchasing power in terms of year-zero dollars immediately after the last deposit in year 17. Year 0 = $5000..
Define Phillips curve suppose the economy's aggregate supply curve is stable, how would an increase in aggregate demand affect the unemployment rate and the inflation rate?
Discuss the characteristics of international, multidomestic, global, and transnational strategies. Include situations and a specific example in which each strategy would be most appropriate.
Taxes greatly influence U.S. economy. Because of this influence, it is good to know the effects they have in the economy and on a personal level. Complete the following to gain a better idea of the various types of taxes, their influences, and how..
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