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What are some pertinent economic theories that supports Adam Smith agreeing with unequal distribution of wealth leading to social unrest?
You deposit $3,000 in a savings account that earns 8% simple interest per year. How many years will it take to double your balance? If, instead, you deposit the $3,000 in another savings account that earns 7% interest compounded yearly, how many year..
Assume that the following data characterize the hypothetical economy of Trance: money supply = $190 billion; quantity of money demanded for transactions = $160 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, incr..
A firm has the opportunity to invest in a project having an initial outlay of $20,000. Net cash inflows (before depreciation and taxes) are expected to be $5,000 per year for five years. The firm uses the straight-line depreciation method with a zero..
The high rates of unemployment and business bankruptcies during the Great Depression of the 1930s caused a dramatic increase in government intervention in the economy of the United States. What was the original intent of this government intervention?..
q1. in the undercover economist harford discusses greenbelts. what is a greenbelt and how does it affect demand andor
In order to host the Winter Olympic Games the city of Vancouver incurred a large debt, which will have to be repaid over time. Reflecting on this fact, one Vancouver resident complained, “The average guy is going to see his taxes increase” [Austen, 2..
What is externality? Why don't people take into consideration the external costs of their actions? Describe four major income maintence programs in the United States. Suppose a union negotiates a wage that is above the market-clearing wage. What prob..
Below are percentages for annual sales growth and net sales attributed to loyalty card usage at 74 Noodles & Company restaurants. Annual Sales Growth (%) and Loyalty Card Usage (% of Net Sales) (n = 74 restaurants) Store Growth% Loyalty% Store Growth..
Given below is information on all of the entries in Balance of Payments of a hypothetical developing country: What is the value of current account balance? What is the value of capital account balance? What is the value of cash reserve account?
If I was a Pro Football player in Charlotte who would utilize my services and also what impact does union have on supply side of market?
Imagine an economy with only four markets: a market for Commodities (ie goods and services), a market for Labour, a market for Money and a market for Bonds. Show (prove) that if the markets for Commodities, Money and Labour are in equilibrium then th..
On Friday, August 5, 2011, the rating agency Standard and Poor's downgraded the U.S, from AAA to AA+. However, the other major rating agencies -- Moody's and Fitch -- retained the AAA status for the U.S.
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