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1. T/F According to microeconomics, individuals tend to act in their own self interest. However, Mankiw offers no recommendations in the opening chapters of his text for how humans can re-sculpt their brains so that their expression of self interest is more in line with cultivated positive qualities, such as compassion and gratitude.
2. T/F The positive qualities of mind and heart—such as love, compassion, and gratitude—are mostly built from positive experiences—not just from witnessing life as it is.
Deer have become increasingly apparent in a rural county. Last year it was estimated that there were 40 breeding pairs (a deer must reach the age of 1 to breed). Do you think it is likely that the deer population in the county is increasing? Will the..
You are in a meeting to discuss two possible acquisitions. The discussion of one results in considerable debate. One group presents credible arguments that the purchase encompasses the possibility of significantly larger profits after the acquisition..
altering of the interest rate to change aggregate demand. Fact that equal increases in government spending and taxation will be contractionary.
Find and plot the SAC and SAVC curves. For this function, the SMC curve is given by SMC(q) = 0.2q +10. Include this curve in your diagram for part b. Write the equation for the firm’s short-run supply curve and indicate it in the above graph
What problem is the economy facing? Assume you are a governor on the Federal Reserve Board of Governors. What type of policy (easy money or tight money) would you recommend to fix the problem you identified in question 1? Which tool(s) would you reco..
Transaction cost is:
Suppose an economy that is initially at full employment faces a substantial increase in the factor cost of production. Discuss (with the aid of aggregate output market and money market diagrams) the short-run effect on output, unemployment, general p..
Discuss the predominant pricing strategy within the video game industry. Make sure to comment on the degree of market power (i.e., the ability to set price) possessed by firms in the market/industry. Consider the role of pricing practices such as pri..
You are considering expanding your product line that currently consists of skateboards to include gas-powered skateboards, and you feel you can sell 9,000 of these per year for 10 years. What are the annual free cash flows associated with this projec..
A manager tells his workers that they must perform their duties in the exact manner and order that he has commanded, with no exceptions. He is using
Explain the concept of countertrade. When does counter trade make sense? How does counter trade help solve the nonconvertability problem?
Explain what were the problems with this corporation from an organizational architecture point of view.
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