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-Suppose that the residents of Greenland play golf incessantly. In fact, golf is the only thing that they spend their money on. They buy golf balls, clubs, and tees. In 2010, they bought 1,000 golf balls for $2.00 each, 100 clubs for $50.00 each, and 500 tees for $0.10 each. In 2011 they bought 1, 100 golf balls for $2.50 each, 75 clubs for $75.00 each, and 1,000 tees for $0.12 each.
-What was the CPI for each year?
-What was the inflation rate in 2011
If the working age population was 280 million of the 350 million people living in the United States and the labor force was 250 million with an unemployment
It states that you should treat others as you would like others to treat you. Is the Golden Rule the same as Kant's categorical imperative, or is it different?
Some U.S. companies have 1-year terms for directors. The entire corporate board must run for election at each annual meeting. Other companies have 3-year terms; only a third of directors face votes at each meeting. A 2004 study found that the compani..
what is the opportunity cost of producing a unit of wheat in the united kingsom? In the united states?
In Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers?
Identify a situation that involves making decisions using expected value, and detail the different options, expectations, and payouts. Discuss the risks involve
Suppose that there are 100 symmetric firms each with a constant marginal cost 3 and a fixed cost 4. They first decide (simultaneously) whether to enter or not enter a market. A firm that does not enter get payoff 0. Find two subgame perfect equilibri..
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. Suppose the cross-p..
The article utilize this kind of calculation to show the difference among labor productivity growth.
Henry the Geek likes books (B) and computer games (C). We have observed that he preferred the bundle (12, 8) over (9, 15), bundle (20, 6) over (15, 10), and bundle (4, 16) over (13, 9). Assume that his preferences satisfy the properties of completene..
For the last several years, the money supply in the fictitious nation of Mauritania has been rising by 10% annually, and inflation has been running at 8%. The central bank is going to cut growth of the money supply back to 3% annually. Which of the f..
How did Neoclassical economists rationalize a policy of laissez faire with respect to the potential intervention into a market economy by government? Why do modern economists, on the other hand, acknowledge a role for government? Pareto’s definition..
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