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Many people write books explaining how to make money in the stock market. Apparently the authors plan to make their money selling books telling other people how to profit from the stock market. Why don't these authors forget about the make their money in the stock market?
The president of the United States receives an annual salary of $400,000. Derek Jeter, shortstop for the New York Yankees, receives an annual salary of $23.2 million. If the president of the United States actually contributes more to society than Der..
If the Federal Reserve changes the reserve ratio in the economy from 10% to 5%, explain the effect this will have on the broader economy (e.g. GDP) in the short run and the mechanism for it happening. Use both the Quantity Theory of Money and the M..
In 2010, the Obama administration implemented more restrictive regulation of oil exploration and production in the areas just offshore of the United States. The cost of drilling offshore oil wells is likely to increase significantly as a result. What..
Given a daily traffic rate of 6000 cars, a toll of $26.00 per car, and a price elasticity of -1.4. What would be the effect of a 50% decrease in price on the traffic rate and daily revenue?
"Neither monetary policy nor fiscal policy alone can be effective in formulating sound economic policies for recession." Do you agree or disagree? The question seems to be suggesting that both should be used at the same time. Can you find reasons to ..
You bought one of Rocky Mountain Manufacturing Co.'s 8.5 percent coupon bonds one year ago for $1,053.80. These bonds make annual payments and mature eleven years from now. Suppose that you decide to sell your bonds today, when the required return on..
The marginal cost pricing model calculates a markup over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?
Explain what is meant by the Unholy Trinity. Let’s assume that we live in a world in which capital cannot move freely across international borders, that is, we have instituted capital controls. What was likely to happen to the value of the dollar as ..
The initial cost of a pickup truck is $12,859 and will have a salvage value of $4,027 after five years. Maintenance is estimated to be a uniform gradient amount of $181 per year, with zero dollar for first year maintenance. The operation cost is esti..
Explain the concept of liability of foreignness, and discuss how it might affect the balance between the costs and benefits of international diversification.
Okun’s Law shows the relationship between the ______. A. inflation rate and the unemployment rate B. the unemployment rate and real GDP C. price level and real GDP D. price level and the unemployment rate E. inflation rate and real GDP
find out an expression for her marginal cost and her average cost per patch of grass as a function of the amount of grass she gets from every patch
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