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The Nottinghamshire Research Observatory in England calculated that students who attend Nottingham Technical University spend about £2,760 each in the local economy for a total of £50.45 million. In total, the impact of their spending on the local economy is £63 million. Calculate the size of the student spending multiplier.
Which of the following examples is an adverse-selection problem and which is an incentive problem? Explain why. In each case, give one method that the restaurant might use to reduce the problem. A restaurant decides to offer an all-you-can-eat buffet..
Which of the following has a positive fiscal impact from immigration? a) military and veterans spending b) interest paid on the Federal government debt c) the social security program d) K-12 education funded by local property taxes
Write a 2-3 page paper addressing the following: 1. Describe the general characteristics of oligopolies. 2. Describe the economic characteristics unique to the airlines.
How is the effectiveness of team selling demonstrated by the Reynolds team, and what are some of the vantages to this method in this particular case?
If the firms form a cartel to maximize industry profit, what is the industry marginal revenue at the profit-maximizing level of output?
3a) Calculate the Macaulay Duration of a 6% annual coupon bond with a face value of a £1000 and three years to maturity.
Are there any signs and proof for wise antitrust enforcement in the U.S.? And how does it affect the economy?
Explain how advertising did or did not play a key role in your decision to purchase which product. Why might it be excessive at times.
How much is the NPV of opening the Boston shop first and the San Francisco shop a year later based on cash flows of Boston shop?
List an example of a country that practices free trade, a country that has trade barriers, and a country that has combination of the two.
Why is an increase in number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
Explain why "outsourcing of jobs" from the U.S. and other higher wage societies to China and other "lower wage societies" related to the factors of long-term growth discussed in the textbook.
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