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a. Using the Wizard of Oz paper, what is bimetallism and why is that only a short term solution to the gold standard?
b. Using the Wizard of Oz paper, who does Dorothy represent?
c. In the Merchant of Venice paper, how did Shakespeare use Portia to represent a Capital Good?
At the equilibrium values, determine the price elasticity of demand. What does this number tell us?
Some individuals have suggesested raising the required reserve ratio for banks to 100 %. What would the money multiplier be if this change were made?
“Pay for performance” schemes may take several forms. One is a piece rate scheme, in which there is an explicit mathematical formula that translates workers’ output into pay. (For example, a worker might be paid $5 per unit of out put he or she produ..
What is Optimal Total Annual Cost? What is the EOQ to purchase? Round your final answer to the nearest whole number.
"Suppose that a worker in Larztopia can produce either 8 lattes or 2 pizzas per day, while a worker in Whiteland can produce 4 lattes or 8 pizzas per day. Each nation has 100 workers. Also suppose that each country completely specializes in producing..
A) Why has Uber cut prices substantially? ($500) B) What assumptions has Uber made about price elasticity of demand among its customers? ($500) C) If customer demand is price inelastic, will total revenue rise or fall? Explain your answer in 1-2 sent..
How has the tightening of consumer credited effected individual spending and in turn the U.S. economy? Has this strategy by the financial institutions.
You purchase an item today. You pay $600 down, $400 at the end of the first year, $300 at the end of the third year, and $200 at the end of the fifth year. Assuming 18% per year compounded annually, what is the present worth?
Based upon this week's readings, analyze an article published within 60 days prior to the term that deals with pollution or environmental policy.
If the economy were at a steady-state unemployment rate with a separation rate of 0.04 per month and a job-finding rate of 0.15 per month, and the labor force was 200 million, How many individuals would lose their jobs each month? What is the natural..
Chris is renting a house, and it does not have a refrigerator. A refrigerator is worth $3 every day because Chris will eat out less. Chris has a discount rate of 18%. Refrigerators usually last 5 years. How much is Chris willing to spend on a refrige..
Economic growth does not depend on how much people save or businesses invest, only on how much they consume. Which of the following is NOT included in our calculation of GDP? Suppose a farmer buys $100 worth of seed, $50 worth of fertilizer, and $100..
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