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Consider the market for clothes. Show graphically what happens to equilibrium price and quantity sold when the following happens: cotton prices fall while at the same time consumers' income rises.
Consider the market for water bottles. If the FDA releases a statement explaining the health benefits of drinking more water, what will happen to the price of water bottles? Show this graphically and explain briefly if the initial shock is an excess supply or an excess demand. Explain how this excess supply/demand affects the equilibrium price.
Enforcement of federal statutes with the resulting shut-down of the 'legal' businesses in the states of Colorado and Washington, along with a subsequent determination by the FDA as to the medical benefits of marijuana.
The one-year interest rate over the next 10 years will be 3%, 4.5%, 6%, 7.5%, 9%, 10.5%, 13%, 14.5%, 16%, 17.5%. Using the pure expectations theory
Describe several mechanisms that have evolved in microbes to avoid phagocytosis. List and explain the stages of the inflammatory process
What are the differences in the available products? What are the differences in the quality of those products? Considering this, in which of those years would you rather live? Why?
1. How would you explain the finding that people in high-income economies seem happier than people in low-income economies, but, over time, people in high-income economies do not seem to be any happier even if their country grows richer? Briefly d..
You want to make a career in fashion design. The local fashion design house is offering an unpaid summer internship that would give you valuable experience.
How do people's budget, income, and substitution effects fit in? How do you think this influences the demand curve for indoor grill products? Are these choices made rationally? Do you expect beef prices to increase next year? Why or why not?
CAN GOVERNEMET INTERVENTIONS CONTROL OR CONTRIBUTE TO MARKET FAILURES? US government interventions (banking and financial institutions, housing market, auto industry) during 2008 / 2009 financial crisis.
discuss how opportunity costs relate to japans cleanup efforts after the devastating earthquaketsunami of march 2011.
The long-run growth rate of potential output is 3% per year, velocity is constant, the money supply grows at a rate of 5% per year. Initially, actual output equals potential output. The nominal interest rate is 3.5%. Prices are sticky in the short..
Some politicians in countries that are the recipients of large numbers of immigrants advocate adopting laws requiring immigrants to learn the local language within a specified period of time.
Discuss how the aggregate expenditure function shifts in response to changes in each of time following variables:
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