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The secretary general of OPEC, Ali Rodriquez, stated that it would be easier for OPEC nations to make future supply adjustments to fix oil prices that are too high, than it would be to rescue prices that are too low. Evaluate this statement.
The Haas Corporation's executive vice president circulates the memo to the firm's top management in which he argues for reduction in price of firms product. He says such a price cut will raise the firms sales and profits.
We said that an uncrowded country club golf course has aspects of a public good. Why? Is it still public good if it becomes crowded and people’s games are slowed down?
Assume a monopolist faces a market demand curve
consider the market for coffee at university. the market supply is given byqs -20 pswhere qs is the quantity supplied
explain what is meant by fractional reserve banking. relate this to money creation and risk to the bank. which tool of
Broadly state the objectives of monetary policy as set by the US Federal Reserve? How different are the Feds policy in this regards from those of the Bank of Canada?
1.explain how the electoral college works the situations in which it has produced controversial results and the
You have learned that a subsidy is preferable to a tariff if the objective is to generate a given amount of employment in an individual industry. Explain this point in language understandable to someone untrained in economics.If you were an import..
The manager of a department store wants to determine what proportions of people who enter the store use the store’s credit cards for their purchases. What size sample should be taken so that at 99% confidence, the error will not be more that 8%?
a consumer has utility function given by ux1 x2 radicx1 x 2 .i suppose the price of good 2 and income are ?xed at 5
you are in charge of setting the optimal price for tickets for a local hockey team. nbspthe demand schedule for
an essay about the us feds involvement in the great panic and discussing the housing bubble and sub prime loans.
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