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Why is there such a difference in price between, say, the Japan versus Fiji game (JPY315 for a category A ticket), the Wales versus Fiji game (JPY175 for a category A ticket) and the final game (JPY715 for a category A ticket)? Why have the organisers not retained identical conditions for each game and instead adjusted the prices? Explain your answer.
Do you think the government, using both fiscal policy and monetary policy, faces any trade-offs in trying to control for inflation vs. unemployment. What do you believe is more of a problem towards long-term economic growth: persistent inflation or u..
1. Explain the effects of the following actions on equilibrium income.
What sort of relationship would you expect to see between the price of bonds and the interest rate?
How can we use the price elasticity of demand to predict the effect of taxes? How does a minimum price (floor price) affect the market? Explain the equimarginal principle. How do indivisible inputs affect production costs?
For decision making for the firm with market power, fixed costs are:
If the supply of turkeys in particular November (remember Thanksgiving) turned out to be unusually small (few turkeys not size of the bird).
Random sampling of 90 scores obtained from individuals who were bullied yielded a mean of 41.9 and a standard deviation of 20.26.
Anthony Figueroa is a CPA, who works for an accounting consulting firm. His annual salary income is $70,000. Anthony is considering opening up his own consulting firm. He estimates that the annual rent for an office would cost him $20,000; a secretar..
Why is it better to apply the multiple causation theory rather than the unsafe acts/unsafe conditions model to an accident investigation?
Assume the return on a 1 year domestic bank CD equals 3%. The return on a 1 year European bank CD equals 5%. Assume there is no default risk and no other transactions to prevent exchange rate risk. If the euro is expected to depreciate by 4%, a saver..
Why do economists include only final goods and services in measuring GDP for a particular year? Why don't they include the value of used goods, i.e. cars, furniture, etc., bought and sold? Define net exports. Explain how US exports and imports each a..
After you have done the readings and watched the videos on Gandhi consider the following questions for your response, using examples from movie/readings:
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