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Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets? Why? Why not?
Suppose there are two countries Home and Foreign. They have two factors of production, labor and capital. At Home L indicates labor supply and K indicates capital stock. The respective symbol for Foreign are L* and K*. Using PPF show that at given re..
Lets assume that we admitted more students this semester (1200) than last (1100) and because of it there is a shortage of “B” parking spaces. Students also complain about the parking permit price ($100).
Your local fast food chain with two dozen stores uses the company's internal corporate marketed department to produce signage, print ads, in-store displays, and so forth. When placing an order, store managers are assessed a chargeback (transfer price..
Assume that they required reserve ratio is 10%. If the Federal Reserve buys a $10,000 government bond from an individual in the economy, what is the initial effect on the money supply? What is the ultimate effect on the money supply?
Identify a company in your local or generalized area that you would classify as a monopoly. Explain the key reasons why you classified the company as a monopoly, and state how the company operates relative to at least two (2) characteristics of that ..
A firm produces output using two factors of production according to technology f(x1, x2) = (x1^1/2)(x2^1/4). The price of output is 4. Factors 1 and 2 cost to the firm w1 and w2 per unit, respectively. (i) Write an expression for the firm’s profit. (..
a. State the appropriate null and alternative hypotheses. b. Use the test statistic approach with a = 0.05 to test the null hypothesis.
In which of the following cases should the United States produce more noodles than it wants for its own use and trade some of those noodles to Italy in exchange for wine.
There are several forces for organizational change: workplace demographics, technology, globalization, market conditions
You are selected by the board of Alderman in your hometown to help the lawmakers in establishing a program to raise new revenue through excise taxes. Why would elasticity of demand be important to you in determining the products on which taxes should..
Sam receives a starting salary offer of $30,000 for year 1. If he expects a 4% raise each year, what is his salary for year 10? Year 20?
In the early 1980's President Reagan and Prime Minister Margaret Thatcher promoted neoliberal ideas to unleash new investments and economic growth. What was the basis of many of these policies and how well does it work today?
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