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The American government, in the 1780s, could not pay its debts. Actually, it was worse than that: the national government had trouble even making regular interest payments on these debts. So...what was the problem? Why was it so difficult for the American government to be financially responsible after the Revolution? Also, did this even matter? In other words, why not just ignore the debt and move on?
Suppose the Corn producers throughout the Midwestern states experience unusually poor weather and so produce a smaller than normal harvest. Explain using a diagram how this harvest will affect Canadian Corn farmers?
What kind of problems might occur when an American multi-national corporation tries to expand its business operations to China.
The common currency in Europe was created because (a) governments had come to the conclusion that the system of floating exchange rates floating exchange rates contributed to continuous trade imbalances, or because (b) they believed that a common cur..
Improvement of the health health care systems in EU. Which policy would most likely be adopted in the real world?
Mr. Smith replaces the battery in his car as soon as it dies. Suppose the battery lifetimes are iid Erlang with parameters k = 3 and ?=1 (per year).
A new product will generate net revenues of $600,000 per year. The interest rate is 10%.
Why has the knowledge of economics not spread from the economics profession to the average reasonably well educated person?
Describe the product market(s) in which it operates. For instance, does it operate within an oligopoly or monopolistically competitive market.
What is the meaning of confidence interval, error of estimate (margin of error) and critical value?
Discuss the public policy towards competition in Namibia, highlighting on the government intervention and the role of Namibia Competion Commission (NCC).
Suppose that the inflation rate in Oct is 8.1%, the inflation rate in Nov is 2.6%, and the inflation rate in Dec is 8.9%. The Price Index was 100 in September. What is the value of hte price index in December?
Average (mean) is the most widely used measure of central tendency, but is not always the most appropriate.
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