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When Lucy chose a major, she likely thought about her skills. Let's say Lucy doesn't enjoy dealing with numbers. How could she explain to her parents, using logic from economics, why she chose to major in English instead of mathematics?
A. The opportunity cost of learning mathematics is too high.
B. The opportunity cost of learning to appreciate literature is too high.
C. The expected value of a major in English after graduation is low.
D. The expected value of a major in mathematics after graduation is high.
E. The opportunity cost of going to college is too low.
Predict the financial stability of the health care industry over the next three (3) years. Provide support for your prediction.
Calculate the equilibrium national income for this economy. Calculate the multiplier for the economy.
Which of the following would shift the aggregate demand curve to the left? The short-run aggregate supply curve is positively sloped because: The aggregate expenditure curve is represented by a line that is: Whenever GDP exceeds planned aggregate spe..
Discuss the issues associated with federalism and what local, state, and federal policy makers need to consider when developing emergency response policies?
Discuss what organizational form (e.g., private ?rm, government corporation, or normal government production) you think might be appropriate for each of the following. In each case, discuss problems of designing appropriate incentives and efective re..
Suppose the net foreign investment in Canada is positive. An implication is that:
Who wins, who loses under a wheat tax versus a subsidy? How does the deadweight loss of the tax compare to the deadweight loss of a price support subsidy? Why, in social welfare terms, is a tax a better than a subsidy?
Illustrate what is the Business Cycle. Be able to describe all of its parts such as peak, trough, long-term trend, etc.
An engineer deposits $300 per month into a savings account that pays 6% per year, compounded semi-annually. How much will be in the account at the end of 15 years if there is no inter period compounding?
Find the mean and standard deviation of team payroll for the 14 American League and the 16 national League teams.
If an asset costs $15,000 and after 3 years the salvage value is $2,000, what is the book value at the end of year 2 using SOYD? What does MACRS stand for? A new motorcycle costs $4,000 and has a lifespan of 10 years. The salvage value is $500. Using..
A population dataset is right-skewed and has a mean of 100 and a standard deviation of 5. Which of the following is true regarding the sampling distribution of the mean for a sample size of 1,000?
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