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1. What are the possible effects when the economy goes wrong?
2. Give a situation in which you use the opportunity cost and trade-off in your decision making. How does it help you as a student
-Explain what a rite of passage is in your own words. Include a quotation from the textbook or another source to support your definition.
Assume a hypothetical economy in which the velocity is constant at 2 and real GDP is always at a constant potential of $4,000. Suppose the money supply is $1,000 in the first year, $1,100 in the second year, $1,200 in the third year, and $1,300 in th..
What are the shortcomings of GDP as a measure of economic welfare? Discuss 3 other social indicators that can be used with GDP to measure welfare.
Consider Boeing (a producer of jet aircraft), General Mills (a producer of breakfast cereals), and Wacky Jack's.
If the machine is sold for $2000 in year 10, what is the after-tax cash flow due to depreciation and sale in year 10?
Explain why monopoly is not a preferred market system.
You have a gross income of $386200 in 2014. Your filing status is married filing jointly. You might itemize deductions and you are allowed 5 exemptions. During the year you donated 3.3% of your gross income to charity and you have an interest-only mo..
Using the dates and costs for your university, find the rate of return for the incremental cost of the annual permit.
Assume that the market for salad dressing is in equilibrium. What will happen to the price of lettuce rises.
Efficiency is a central concern in microeconomics because: Which of the following would NOT shift the supply curve for ground coffee beans?
a. In a simple Y vs X regression, show graphically and algebraically the following evaluated at the same X point:
Hhgregg has been successful in retailing appliances and electronics by combining high prices with excellent customer service. In late 2008, Saks Fifth Avenue tried a new strategy in retailing luxury clothing. Saks decided to slash prices on designer ..
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