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On each of the following grounds, briefly rationalize an economist's objection to the term "behavioural economics": (i) redundancy of terminology, (ii) ambiguity of terminology and (iii) devaluation of economics as a field.
Joel purchased a security at the start of the year for $900. Over the course of the year, the security paid $17 in income and the price at the end of the year was $907. Calculate the return on the security.
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP? %
Calculate the constant debt-GDP ratio that the country can achieve if the country runs a primary budget deficit of 3%. Is this debt-GDP ratio stable.
Use a supply-demand graph to demonstrate how the quantity and price of medical services are expected to be affected if we went from a world without insurance to a world where the government covered 90% of all medical costs. Assuming that prices are s..
Use several alternative discount rate values (1% to 10%) to investigate the sensitivity of the present value of net benefits of the dam in exercise (1) to the assumed value of the real discount rate. Determine the "breakeven" value of the discount ra..
Which of the following statements is true with respect to a market in which there is a perfectly price discriminating monopolist?
Skateboards must be produced with exactly 4 wheels and 1 board for each skateboard. (Suppose that no assembly is required, so labor is not an input.) Let Q be the number of skateboards, W be the number of wheels, and B be the number of boards. The pr..
There are three possible outcomes; in the outcome ai a decision-maker gains $ai, where a1
A certain company's income has been declining steadily over the last three years. If income in year 1 was $100,000 and it declined by $10,000 per year; which of the following is closest to the present worth of the company's total income over the thre..
What are the security implications of a tool such as Wireshark?
If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00. What will be the Economic Order Quantity?
Keith ledger started a business, Gotham Games, in January 2016. The transactions that occurred in January are listed below. Keith opened a bank account in the name of his new business, Gotham Games, by making a deposit of $75,000 cash in exchange for..
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