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Why do you think the Fed Chairman is generally considered to be the second most powerful official in government after the President?
A firm operates in the short run with the production function q = 2L0.5 and faces the demand schedule p = 60 - 4q where p is price in pounds.
While Greece needs help, the German economy has also suffered major recession itself. As an advisor, how would you advise the chancellor: to bail out or kick out Greece? As a German taxpayer, are you willing to pay higher taxes to help Greece? What a..
Delta and Southwest Airlines announced a new round of fare discounts. In response Sangita Woerner, Vice President of Marketing at Alaska Airlines, said, it’s unlikely that we will match these fare reductions because we do not anticipate any negative ..
The marginal CO2 abatement costs for two companies are modeled as 16 + 2 A1 and 10+2 A2. The total cost functions are modeled as 16A1 + A12 10A2. Would you use the same arguments to reallocate pollution credits for different States? How about differe..
Describe a current IT-related ethical issue: Since this is a paper exercise, not a real-time situation, you may want to construct a brief scenario where this issue comes into play, and thus causes an ethical dilemma. The dilemma may affect you, your ..
Is the china dishes a personal property? What is a personal property? Do Marlene waver her ownership rights by abandoned the dishes at a dump site? Does Joe have new owner rights to the china dishes when it was found at the dump site?
Using the Mankiw Rule, what is the federal funds rate implied by the Mankiw Rule?
There are many sources of international law, including international conventions, international customs, general principles of law, and the judicial decisions and teachings of publicists (persons highly learned in international law). Should there be ..
Sylvia's annual salary increases from $100,500 to $109,500, and she decides to increase the number of vacations she takes per year from 3 to 4. Calculate her income elasticity of demand for vacations. Normal or Inferior good?
During 2003, we began to stop worrying that inflation was a problem. Instead, we began to worry about deflation, a decline in the price level. Assume that the Fed decided to hold the money supply constant. What impact would deflation have on interest..
Explain the common law system of precedent in the US (based on English law). Differences between common law versus civil law (used in other countries)
The Invisible Hand theory shows how resources are moved in and out of markets or industries. State what would attract 1) more resources (sellers) into a certain market, 2) what would cause sellers to leave a market? Long-term, in perfectly competitiv..
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