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What is presently the major deterrent to bank runs and panics in the United States? When and why was this reform established? How and why does it work?
GDP (You may use the purchase power parity figures.) Per capita GDP, GDP growth rates for the past 5 years, Percentage of GDP spent on military expenditures,Population and population growth rates for past 5 years
Mineral resources are an important source of revenue for developing nations. Royalties are one method of receiving payment for allowing investment, but often foreign companies send profits out of the country.
Bridget has limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese.
Give a brief summary of the GDP trends over that timeframe and discuss two or three events which may have caused these trends.
Mr. Black and Mr. Blue, each out for a Sunday drive, have a collision in which their cars are destroyed. Black and Blue each hire a lawyer to sue the other, paying the lawyers $5,000 each for services rendered. The judge throws the case out of court.
discuss the different economic theories of Milton Friedman. Why was he important? Has he helped or hurt our economy? If he were alive today, what do you think he would suggest as an economic plan for our economy? Would he agree or disagree with th..
What takes place to the equilibrium price and quantity of ice cream in response to each of the following? Describe your answers.
Suppose a freeze in florida wipes out 20% of the orange crop. How will this affect the equilibrium price and quantity of banana? Assume that the orange and banana are substitute to each other.
Aside from maximizing profits, assess the factors that managers must consider when making the decision to outsource or integrate forwards or backwards considering which factor would be most influential for decision-making.
How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar?
An oil cartel effectively increases the price of oil by 100 percent leading to an adverse supply shock in both Country A and Country B. Both countries were in long-run equlibrium at the same level of output and prices at the time of the shock.
Assume that Florida migrant workers are effectively unionized. What will be the impact of unionization on?
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