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In addition to what legislators and courts can do to ensure the law is fulfilling its purpose, is there something that citizens should be doing as well? If so, what? If not, why not? What about businesses - do they have a role in ensuring the law is fulfilling its purpose?
What is the twin deficits idea? Did it hold for the United States in the 1990s? Briefly explain.
Suppose there are 100 workers in the economy in which all workers must choose to work a risky or a safe job. Worker 1’s reservation price for accepting the risky job is $1; worker 2’s reservation price is $2, and so on. Because of technological reaso..
You are the manager of a firm that receives revenues of $50,000 per year from product X and $100,000 per year from product Y. The own price elasticity of demand for product X is -2, and the cross-price elasticity of demand between product Y and X is ..
Who of the following would be included in the Bureau of Labor Statistics "unemployed" category?
The CPI has the following annual averages: Year Index 2009 201.6 2010 207.3 2011 215.3 2012 212.5 2013 217.6 A) For each year from 2010 to 2013, determine the annual inflation rate.
q.suppose there are two types of workers high ability and low ability. the training program costs 15000 per year for
Why do business enterprises require administered (stable) prices as opposed to highly flexible prices?
A new health minister proposes to distribute an apple a day for free to every citizen. To be effective the legislation states that the free apples may not be traded or sold. Explain why this “no trade” policy would be inefficient.
Think of one situation in which the Government is actively involved with the purpose of changing an outcome in the appropriate market. Do you agree that the Government should be involved? Why or why not?
Consumer spending is linked to disposable income. The Trump Administration has proposed tax reform in early 2017
Discuss why users try to break into other users computers and information systems.
Some services marketers strongly maintain that service marketing is fundamentally different from goods marketing and that different skills are involved. Some traditional goods marketers disagree, saying, “good marketing is good marketing.” Take a pos..
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