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What is the difference between a Positive Statement and a Normative Statement
"Loans are just like used cars. If you see an ad in the paper for a used car, you have to wonder, why is the owner selling it? Maybe there is something wrong with the care that is hard to see. As a result, when you approach the seller, you will want ..
Tell me about ancient Greek Economic thought with respect to: Markets vs. the household 2) Value and Wealth 3) Private Property. What is the nature of the revolution that Heilbroner talks about in his Chapter “The Econoimc Revolution”?. What Role did..
Explain if rewards are tailored towards individual, group, and / or company performance. Explain how you as HR manager will create an incentive pay program that will motivate employees.
Sara Cook took an exam on entrepreneurship and business ownership. She was asked to identify which business organization in the United States has the largest number of firms and which has the largest receipts. She got an A on the exam. How did she an..
Quasimodo has a demand function for earplugs that is given by the equation D(p) = 100 − p. (a) If the price of earplugs is $50, how many earplugs will he consume? (b) If the price of earplugs is $70, how many earplugs will he consume? (c) What is the..
The United States currently imports all of its coffee. The annual demand for coffee by U.S. consumers is given by the demand curve Q = 25010P . World producers can harvest and ship coffee to U.S. distributors at a constant marginal cost of $8 per pou..
Consider a country in which Y = 200 K2/5N 3/5. Assume in this country they save 20% of their income, population grows at 3% per year, and depreciation of capital occurs at 10% per year. Use the Solow model. Compare the effectiveness of i) a 50% incre..
What type of firms are more likely to offer lifetime employment or similar guarantees? Why? Explain briefly.
According to the in the News article, "News Rules Would Cut Thousands of Coal Jobs",
Consider the following stylized facts: Sugar is derived from two agricultural products grown in the US, sugar cane and sugar beet. Sugar cane grows only in certain areas (mostly Hawaii and Louisiana). What is the short run supply curve for a single s..
Economic theory explains that markets generate wealth for individuals through the supply and demand for productive good/services. Does this help explain why you(studnet) are obtaining a college education?
What are the prospects of NAFTA becoming a customs union? Identify the policy changes that would be necessary and the likely political and economic obstacles to those changes taking place. What would be the major benefits and the major costs to deepe..
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