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The PBoC's policy of exchanging all US dollars for renminbi could produce inflationary pressures. How does the PBoC avoid this risk?
Suppose pens(N) and pencils(L) are substitutes such that U(N, L) = N + 2 ∗ L. Draw an ordinary demand curve for pens when the price of pencils is taken exogenously to be pl
Write a paper showing your understanding of work in modern America. Included in this paper must be an analysis of positive and negative aspects of our relatively new service/knowledge based economy and our place in the global economy. You must als..
Aristotle argues that whatever is the good in itself, it must be something sought which meets three criteria, namely that it must be. Among the rights discussed in class (& the handout), private property rights where justified on the grounds that the..
In this module, it is demonstrated that sometimes extensive diseconomies of scale, say, due to high transportation costs, would require that the firm produce its product in a multiple of plants. The average hauling (freight) cost is $0.8Q; that is AF..
What are the equilibrium price and quality? What is the market outcome if the price is $2.75? What do expect to happen? Why? What is the market outcome if the price is $4.25? What do expect to happen? Why? What are the equilibrium price and quality i..
Other things equal, what effect will each of the following have on the equilibrium price level and the level of real output?
Economists often assume that insurers set premiums (nearly) equal to the AFP for that plan. Is that an accurate assumption? Is a higher “load” on insurance premiums necessarily a bad thing for consumers? When might a higher load be a sign of problems..
q1. in 2003 a seat on the chicago board of trade cbot sold for only 338000 compared to 2.0 million for on the new york
Most people perceive international public administration to be a set of state structures, institutions, and processes. Opponents of globalization argue that it weakens states, making it difficult for them to sustain social welfare and environmental p..
A government hires you to consult to help them decide on a new system of taxation. What criteria do you use when helping them decide what system to use? What criteria is the federal government best at meeting today? The worst?
Specific assets can create problems for a company. If a supplier invests in new machinery to deliver a part useful only to its biggest and best customers, it can find itself with:
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
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