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Do you think lawyers should be required to spend hours volunteering their legal services for pro-bono work or would a monetary contribution be sufficient? Why or Why not?
Suppose that you learn that a friend recently received a substantial inheritance. Your friend was given two choices: 1) wait 10 years and receive the inheritance or 2) receive the present value of the inheritance (using a 3% discount rate) now. Your ..
The Federal Reserve Bank controls the money supply and interest rates in the United States. In your informed opinion, has it done a good or a bad job over the last decade? Why? What could it or should it have done differently? Why? Consider the ethic..
In order to rule on a potential federal grant, a government official must confirm that the average income in a Pennsylvania county is less than $12,500. A sample of 35 individuals is taken and shows a sample mean of $10,950 and a sample standard devi..
Which of the following best describes the concept of utility and economic behavior?
In 2009 the American auto industry was in a dire economic state. Chrysler was in Chapter 11, GM was on the brink of bankruptcy, and Ford’s future was at best uncertain. The demise of the U.S. auto industry would have a devastating impact on our natio..
How would you design a specific customized compensation plan for Agent-Principal (owners, managers also workers) which would address both increased productivity also decreased turnover.
For each of the following changes, show the effect on the demand curve, and state what will happen to market equilibrium price and quantity in the short run.
Write about what factors cause "changes in demand" or "changes in supply" -- anything that is not the price of the good or service. Then, post ONE example of how the weather, our economy or other factors affect the demand OR supply for a good or serv..
Suppose two countries, A and B, with the same production function Y = K? L 1?? . The value of ? is 0.30, the growth rate of population is 2% and the depreciation rate is 5%. Compare both economies to the Golden Rule.
Explain and diagrammatically represent the changes in the interest rate as a result of the following: (macroecon)
Genentech owns a patent on tissue plasminogen activator (TPA), which is an enzyme that helps the body break down blood clots. TPA is particularly valuable to cardiac patients, since it often allows heart problems to be treated with medication rather ..
An effective price support and subsidy to sugar growers? ______. The table shows the market for apartments. An effective price support in the wheat market? ______. Which of the following is not an outcome of an effective rent ceiling in a housing? ma..
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