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Write a proposal letter of 1–2 pages to a respected community figure asking him or her to deliver a lecture and dinner speech at your annual festival. Follow the proposal letter guidelines explained in your assigned readings for this unit.
Politicians are often heard saying that tuition at state universities should be kept low "to make education equally accessible to all residents of the state, regardless of income." Think about the flu shot in the context of a public good. What are th..
The Babylonians studied problems which lead to simultaneous linear equations and some of these are preserved in clay tablets which survive. For example a tablet dating from around 300 BC contains the following problem:
Illustrate what happens when a cheaper product is offered due to Impact of Government Imposed Price Ceiling that is below the equilibrium price.
It is impossible for a price change to cause no substitution, income, or toal effects. If you believe the statement is false, sketch a graph demonstrating how a price change could cause no substitution, income, or total effects. A large pharmaceutica..
Find out equilibrium price and output for the following market condition. Discuss a change in demand resulted in a change in the market price. Provide an example of how a change in supply resulted in a change in the market price. How does the price m..
Illustrate by showing the price of a U.S. cell phone in Britain before and after the change in the exchange rate. If you had a business exporting goods to Britain, and U.S. interest rates fell as they have in this example, would you plan to ex..
You are concerned about the damage that automobile pollution is causing our nation’s environment and are interested in the effect that gasoline prices have upon gasoline consumption. Specify your economic model as well as your econometric model of ga..
The city of Joslyn has three sources of revenue, borrowing, proprietary income from running the local power utility, and taxes. If it recieved $10 million from running the electric power utility and borrowed $40 million, how much did it collect in ta..
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases
The ABC Bank of Bermuda has outstanding checkable deposits of $300,000 also a reserve ratio of 10%. If it has excess reserves of $15,000, illustrate what is the size of the bank's actual reserves.
Basically the research is about Audi Company. Then talking gerenrally about how it is performing. In addition, research about the Business
Why do most countries have some protectionist trade barriers? Identify two types of protectionist trade barriers. Which is usually better for most countries, protectionist trade policies or free trade? Explain.
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