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Expand on "Say's Law" to explain the "Laissez-faire" policy conclusion of Classical economics. Use the story of demand and supply to explain how flexible prices lead to self-regulation of the economy. With a natural tendency to full employment and how Government intervention would be counter-productive.
Which of the following is an example of adverse selection?
What are the different kinds of office productivity software in the cloud?
Identify one environmental factor or risk that affects the decision-making opportunities within your organization. Provide a brief description of the concerns and potential solutions for addressing the concerns or risks. Are there financial requireme..
Explain why do you think it is important for managers to understand the mechanics of supply and demand both in the short run and in the long run.
According to Marxist paradigm, what are the primary causal processes that drive globalization and how do these processes differ from the mercantilist and liberal expressions? Explain with reference to the strengths and weaknesses of historical materi..
Trade/Opportunity Cost: Pat and Kris are roommates. Outside of the time they spend studying, they spend time doing some of their favorite activities: making pizza and brewing root beer. What is each roommate’s opportunity cost of making a pizza? Who ..
Briefly explain how each of the following factors affect 17 year old Bob's decision to go to college:his discount rate, the difference in labor market earnings in each year post-college between what Bob would earn with and without the college degree,..
Using the expenditure approach, gross domestic product equals:
An individual is considering the purchase of a used automobile. The total price is $6200 with $1240 as a down payment and the balance to be paid in 48 equal monthly payments with interest of 12% compounded monthly. The payments are due at the end of ..
If a bank decides to hold less equity capital, then, other things held constant,
In order to grow manufacturing jobs, suppose the federal government decides to give drivers refund $5,000 when they file their income taxes if they purchase a new car that was made in US. Will this policy affect the demand or supply curve and which w..
In the market for copper, we can obtain copper from two sources. The marginal cost of mining ore is MC1 = 10 + 7q1 and the marginal cost of recycling copperisMC2 =40+2q2. If the total market demand for copper is 50, what amount will come from mining ..
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