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Many movie theaters and restaurants offer discounted prices to senior citizens. According to Economic principles, the best explanation for this is that senior citizens tend to be
a. Paranoid
b. Income inelastic
c. Price elastic
d. Price inelastic
Illustrate and explain how a government budget deficit can lead to a higher real interest rate. Discuss how the effect of a budget deficit on the real interest rate could be altered by an increase in private savings.
The base pay for army recruits is $16,000 per year. The army has been recruiting 100,000 new soldiers each year. But this is found to be inadequate given the need for troops in abroad. what would have to be the increase in base pay to attract the des..
Under the responsibility scheme proposed by the Hong Kong government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view? Explain your answer with a diagram. Is it fair to charge all househ..
The kinked-demand (Sweezy) model of an oligopoly is based on the assumption that:
If economy is operating at full employment and exchange rate increases explain why Federal Reserve will be less inclined to raise interest rate.
Suppose you take out a $11000 loan at 10% in year one and pay it off with a single payment in year two. If your tax rate is 40%, what is the change in net cash flow in year two?
q.assume that an economy characterized by m 6000 billionv 2.5p 100a illustrate what is the real value of output q?
The German philosopher Immanuel Kant condemned Utilitarianism as an immoral ethical theory mainly because:
There are about 34,000 full service restaurants in Miami-Dade County, Florida with a population of about 2.5 million. What type of market structure is the restaurant business in Miami-Dade County? Are there submarkets with distinct characteristics? E..
During the 2008 financial crisis and the subsequent recession, how did major U.S. banks respond to the actions of the Federal Reserve? How did those monetary policy actions affect U.S. businesses and households?
In anticipation of a major hurricane hitting the Gulf Coast, the quantity gasoline of sales rise from 360 million gallons to 375 million gallons. Based on this information, what is the percent change in gasoline sales?
The dominant factor affecting medical care delivery and finance in the 1990s was. What is the most important factor leading to rising health care costs in the United States since 1980? Pharmaceutical companies receive patents as an exclusive right to..
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