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Do you think the Fed should be given a clearer legislative mandate concerning macroeconomic goals? If so, what should it be?
The Mineola Company hires a consultant to determine the relationship between its profits and its output. The consultant reports that the relationship is
Suppose the price of the good, P, increases to $2.00. Now what is the price elasticity of demand, and what is the cross-prices elasticity of demand.
Suppose a small city dry-cleaning market, which is monopolistically competitive. Currently, the typical dry-cleaner is charging $5 an product.
The insurance company cannot determine whether ABC has instituted the program. However, it charges a deductible in the event of a re (i.e. ABC has to pay a certain amount to the insurance company if a reoccurs).
Illustrate what was the economy's biggest risk--inflation or unemployment.
Describe why the US farm policy is failing. Why were the WTO 2005-6 meetings a failure. What were the main issues and reasons.
"Moral hazard" is a term often used in the context of peoples' behavior once they have insurance. Szuchman and Anderson explore the idea of moral hazard in personal relationships. How would you define moral hazard? Provide an example of moral h..
Explain the notion of diminishing marginal returns to labor in the Short Run.
Suppose, during the last year, in a closed economy (net exports=0), consumption expenditures were $20 billion, investment was $12 billion, government purchases were $20 billion, and the underground economy produced $10 billion worth of goods and serv..
Suppose that a market basket of two goods is changed by adding more to one of the goods and subtracting one unit from the other.
A large processing plant is trying to decide between two air scrubbing units. The unit is required by clean air regulations and will be replaced by an identical unit of itself at the end of its useful life into the foreseeable future.
Elucidate the value of Peets coffee both current and future valuation.
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