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Think of a good or a service you have recently bought. Using the circular flow model as a guide, write an explanation of the impact of your purchase on the economy?
Calculate price elasticity of demand for movie tickets if demand for movie tickets increases from 220 tickets to 290 tickets with the decrease in price from $12.50 a ticket to $8.50 a ticket.
Explain how does the trade deficit affect U.S. economy. Explain how does it affect the firm or organization you work for.
Suppose that A1 is independent of A3 and also that A2 is independent of A3. Can you prove or give a counterexample that A1 ? A2 is independent of A3?
An old wooden bridge over a bay is in danger of collapse. The highway department is considering two alternatives to alleviate the situation and provide for expected increases in future traffic. One plan is a conventional steel bridge, and the other i..
Do you think the interest on payday loans is too high or just right? Should Christians charge poor people interest on loans?
Your supervisor has asked you to prepare a brief report comparing the sales volumes and the consistency of sales of these four salespeople.
Which do you think is a better expansionary fiscal approach for our current situation: cutting taxes or increase spending? Give the pros and cons of your stance
Suppose households hold $0.30 in currency for every $1 they have as demand deposits (checking accounts). Also, banks hold 20% of their deposits as reserves. If the Federal Reserve buys $10 of government bonds from banks, by how would would the follow..
q1. a consumer must pay 10 per visit to an amusement park for the first five visits but only 5 per visit beyond five
Emma spends all her money on sneakers and coffee. Emma’s budget is $50 and the price of sneakers is $10. The optimal bundle for Emma varies with the price of coffee and is as follows: According to the information above what is the price of coffee in ..
Funding for health care has become a standard practice by many governments. Amel Short Longwit has raised concerns about the abuse of health care opportunities
Suppose the market for hamburgers is unregulated. That is, hamburger prices are free to adjust based on the forces of supply and demand. If a surplus exists in the hamburger market, then the current price must be ________(higher or lower?) than the e..
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