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What controls should be in place for an assembly line and why? Can an Information System (IS) improve the process by improving control? If so, how? If not, why?
Jessica will live for two periods. She is only able to work in the first period, when she earns $100. The interest rate between the first and second period is r, meaning that if she saves X in the first period she can consume X(1+r) in the second. As..
Explain the economics behind the individual mandate for health insurance (i.e., adverse selection). Would you expect the poor to prefer individual mandates or employer mandates? Why?
A large wood products company is negotitating a contract to sell plywood overseas. The fixed cost that can be allocated to the production of plywood is $800,000 per month. The variable cost per thousand board feet is $155.50. The price charged will b..
Without further use of Excel, illustrate what is the probability (in %) that a randomly selected orange will contain less than 4.2 ounces of juices?
Give two examples, the first of a case where firms have a particular advantage over markets in coordinating economic activity, and the second where firms have a distinct disadvantage
Suppose that as the result of the crisis in Greece, the Euro depreciates against the US dollar. Why should you care when the US dollar strengthens relative to other currencies? Describe the ways this could impact your life and that of your friends an..
Explain rational expectations in your own words. Using the rational expectations model is the U.S. stock market efficient? Why or Why not?
In the Solow growth model, a higher savings rate is a good way to get higher GDP and higher GDP growth. The Solow growth model tells us that a flood of immigrants will, in the long run, raise interest rates and reduce wages. In world in which absolut..
What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials
Pope Urban II's Speech at Clermont (1095) in Lualdi, How did urban ii appeal to his audience? Why do you think this language motivated people in the audience to join the Crusade? What did the Crusade offer them?
If you are asked to forecast the demand (sales) for the public listed company like Home Depot, which method(s) would you prefer to use? After you select a specific method (or several methods), explain what factors should be included in your evaluatio..
Trade restrictions usually benefit domestic producers because they increase the domestic price of the good. Trade restrictions usually benefit domestic consumers because they increase the variety of goods available. The benefits of trade restrictions..
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