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How to explain effect of a country's net investment in response to losing workers?
Provide a graphical illustration and interpretation of efficient pricing OR of peak load pricing when there are two classes of visitors to Lory State Park (say, picnickers and climbers in the former case or high season and low season visitors in the ..
Suppose the US government places a ceiling on the price of internet access also a black market for Internet providers arises, with internet providers developing hidden connections.
Describe in detail a perfectly competitive market structure. Do you think such a market structure exists? Give an example of an actual market structure that resembles a "pure competition" model.
Suppose that two people are playing a guessing game with a prize going to the person closest to one-half of the average. Guesses are required to be between 0 and 100 (could be integers or decimals). Show that none of the following are Nash equilibria..
If a major sports star were to move into your neighbourhood, what would you expect to happen to the neighbourhood's "average" income?
The American supply and demand curves for potatoes cross at $5 a pound, but potatoes are available in any quantity from abroad at $2 a pound. Each week, American sellers produce 500 pounds of potatoes and American buyers purchase a total of 1,200 pou..
Consider an economy with five assets: 1) Cash 2) Checking Accounts 3) Savings and Money-Market Accounts 4) Bonds 5) Stocks. M1 includes asset classes 1 and 2, and M2 is the sum of M1 and asset class 3. All else being equal, how would each of the foll..
During a specific period of time, the average price of long-distance calls fell from $0.25 per minute to $0.15. As a result of the drop in price, average long-distance calling per person per month increased from 300 minutes to 400 minutes. Using the ..
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
Which of the following statements about prices and inflation is not? correct?
Describe a decentralized organization, and list the positive factors of working in such an organization. Describe the chaos that might occur in a completely decentralized organization and methods that could be used to avoid such chaos.
Explain the distinction Herman Daly makes between economic growth and economic development. Illustrate with examples. Why does Daly claim only the latter is sustainable?
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