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There is an election with three candidates: Lady Left (LL), Carrie Central (CC), and Robert Right (RR). The following are the outcomes in various two- and three-way races:
CC, 100%; RR, 0%
LL, 0%; CC, 100%
RR, 51%; LL, 49%
RR, 35%; LL, 33%; CC, 32%
The voting system is such that first there is a three-way race. Then, if none of the three candidates wins more than 50% of the votes, there is a two-way runoff election between the two candidates who won the most votes.
Using your understanding of the financial system, the demand for money, banking and the money provide, interest and spending, the stock market, interest and investment.
A forty-year annuity-immediate makes monthly payments. During the first year the monthly payments are $100 each. The payments within each year are level; however, the monthly payments in each of the years two through forty are 4% higher than those in..
Sometimes self-interested behaviour in markets do not contribute to broader social objectives Example: Should I burn my leaves or haul m into woods.
Many states are creating law that makes the sale and use of marijuana for medicinal purposes legal, yet at a federal level, this is still illegal. How is this possible? Isn't state law supposed to be inline with federal law? perform some research on..
Mortgages increase the risk faced by homeowners. Explain how. The mortgage is leverage for the homeowner, and leverage increase risk. What happens to the homeowner’s risk as the down payment on the house rises from 20 percent to 50 percent?
Suppose that demand for a product is Q = 1000 – P and supply is Q = 9P. Furthermore, suppose that the marginal external damage of this product is $20 per unit. Suppose this is a negative production externality. Calculate the Q currently being produce..
APA format advising the President of Rodamia making recommendations for international trade.
Compare and contrast the recommendations for appropriate action of the monetarist theory and the classical model. Be sure your response is stated in terms of the relevant principles of both theories. Specifically relate to the similarities and differ..
Below draw an AD/AS graph and a money market graph side-by-side. For the money market, use an upward sloping money supply curve and assume that the equilibrium interest rate in the money market is 5%. Then explain and show what happens if the Fed act..
Show that the following relation holds true sqrt((m - 1)/m) = (QE/Q*) = sqrt((m + 1)/m). What is the underlying reasons that this relation holds? Provide an interpretation of that relation.
Your weapons company, Top GunZ, sells fighter jets to two countries. The jets can be produced at a constant marginal cost of $10 million. The demand for jets in the two countries can be represented as: QA = 100 – 2p QB = 80 – 4p. Assume that the opti..
Traditional brick and mortar retail stores are losing their customer base while their online competitors are seeing phenomenal increase in the number of customers. Examine the differences and similarities (where possible) in the two modes of retail i..
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