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How has the evolution of cell phones changed the levels of communication dramatically?
How do the “rules of the game” help determine who will be poor and who will not? (Hint: How did the Civil Rights Act of 1964, which forbade discrimination on the basis of race, likely affect the incomes of African Americans compared to the incomes of..
Two competing soft-drinks firm Cepsi and Poke are entering a new market where neither has been sold before. What type of LR pricing strategy would these firms consider?
Berklin County has a deal with the local convention center to help pay for maintenance. The county will pay $4548 each month and increase its payment by 0.5% each subsequent month. The county has committed to paying this maintenance for 9 years. How ..
Using the Mundell-Fleming model (ISLM with IPR), discuss the impact of a negative aggregate demand shock (e.g., negative shock to investor or consumer confidence) on equilibrium values of output, the interest rate, the exchange rate, next exports, an..
Consider a static (one-period), closed economy with one representative consumer, one representative firm, and a government. The level of capital K and government expenditures G in the economy are both fixed exogenously. Formally define a competitive ..
Though your answer needs to be correct in terms of economic theory (so be sure to read the assigned chapters), creativity and having fun with it is strongly encouraged.
During the Christmas season, the Osceola School Superintendent orders each of the high schools within the school district to prominently display the nativity scene. Discuss at least two advantages and disadvantages of litigation as a dispute resoluti..
The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. find the perfect competition price and quantity. calculate profit, social welfare(consumer and producer surpluses), and d..
Which of the following describes America's current party system?
Adrianne and Joanna love watching plays on Broadway. Adrianne values a play at $85, and Joanna values it as $82. When the price of tickets increased from $80 to $83 following the imposition of a tax, Joanna stopped watching plays on Broadway, whil..
While RIMS II, IMPLAN, and other methods regularly deviate substantially from each other in the answers they yield to analytical questions, is there a "band" within results should be considered "more accurate". For example, if RIMS and IMPLAN give a ..
Suppose you have the generic demand curve. Calculate demand using the current market conditions. Is P1 a substitute or complement? (Why) Is P2 a substitute or complement? (Why) Is this product normal it inferior to Income? (Why)
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