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Think about our economy. Irrespective of economic conditions, we consume many goods and services in various quantities. There is a constant allocation and re-allocation of resources. How does this happen? What economic mechanism helps allocate resources to the preferences of hundreds of millions of people? (Hint: Consumer's sovereignty).
What variable adjusts to make the quantity of money held equal to money supplied?
If the company will sell the number of units obtained in part d, and wants to maintain the same level of profit as last year, what will its new price have to be?
Discuss one (1) recent price change that you have noticed while visiting your local supermarket. Determine whether or not the price change that you identified was a result of a change in either supply or demand.
Economists often propose systems of tradable permits to achieve environmental goals. Suggest three conditions under which you would advocate using them. Briefly explain your reasoning.
1. you are the manager of a racquet club as well as you want to determine the best cost for local rentals. assume that
Politicians are often heard saying that tuition at state universities should be kept low "to make education equally accessible to all residents of the state, regardless of income." Think about the flu shot in the context of a public good. What are th..
Barb age 25, files as a single taxpayer. She is employed at a monthly salary of $2,150. She claims no dependents. Her employer withheld $1,600 from her wages for income taxes for 12 months' of work. Compute of Barb’s income tax due to or from the IRS..
If you invest $600 in a stock, borrowing $540 of the $600 at 10 percent interest, and the stock price rises by 25 percent, what is the return on your investment?
Accounting profit is: A variable cost is one that changes: In the short run, which of the following is likely to be a variable cost to a physician? Production of Hollywood movies is an increasing cost industry. Which of the following contributes the ..
Referring to the concept of entry barrier and explain dunning ideas on strength of multinational enterprise. How would an enterprise take advantage of different levels of innovation? (i.e., of major innovation vs minor innovation.
Using the fundamental equations from the general monetary approach, describe how each of the following will affect the home and foreign price level, real money balances, and the exchange rate, EH/F . Also, state whether the home currency appreciates ..
Some people are saying which majority of the budget deficit are funds which some branches of the government owe to other branches.
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