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1. What is the "middle-class squeeze"?
2. How do low unemployment rates mask the economic challenges people face in maintaining middle-class status?
3. What is "downsizing"? How has it affected the middle classes?
4. What economic changes do you think will benefit people at the lower end of the middle-class spectrum?
disregard the portion of the supply curve that corresponds to prices where there is no output.
How businesses are affected by unemployment? What is full employment? What is inflation? If the economy is experiencing inflation, how will it affect an individual or household? What are the two main types of inflation?
If the mortgage interest rate is 7 percent, approximately how much are home owners paying in annual mortgage interest? b. If the interest rate drops to 6 percent, by how much will annual percentage decline?
Explain how many tons of coffee does the United States import. If the world price of a computer is $500, what is the world price of a ton of coffee.
Elucidate why is private property also protection of property rights, so critical to the success of the marketplace system.
Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonalds, etc.). What motivated the producers of all the individual products in the store to make them and offer them for sale? How did the prod..
What are the economic arguments in favor of such licensing and regulation? What are the arguments against? If such licensing does occur, what is likely to happen to the number of estheticians that practice, the prices they charge and their average in..
A firm's production function is qi = .2*Ki.2Li.4. The wage rate in this area is w = $15, and the cost of capital is r = .05. a. Find the firm's short run cost function, if Ki is fixed at $100,000. b. If the good is exported around the world at a pric..
q. recall that is the economy continues to be strong abc company may need to increase its production by about 50
List all of the friends and relatives you have who are working for an export industry, or for a foreign-owned firm, or all the foreign-owned firms in your city or town. Under what conditions do people advocate for TRADE RESTRICTIONS?
Compare the supply and demand conditions in both locations. How many people live in each place.
Refer to situation. An economist would predict that onc e price controls were abolished in the spring of 1974,A) The price of gasoline would decline sharply B) The surplus of gasoline would vanish
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