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Pope Benedict XVI suggested that âwealthy societies suffer from moral and spiritual poverty. Do you agree or disagree? Why?
The model of the market for loanable funds shows that an investment tax credit will cause interest rates and investment to rise. Yet our model of how investors behave claims that higher interest rates lead to lower investment. How can these two oppos..
Consider the utility function u(x,y)=xy. Graph the indifference curves for utility levels 1 and 2. (They are symmetric hyperbolas asymptotic to both axes.)
Queen Elizabeth has decided to auction off the crown jewels, and there are two bidders: Sultan Hassanal Bolkian of Brunei and Sheikh Zayed Al Nahyan of Abu Dhabi. The auction format is as follows: The Sultan and the Sheikh simultaneously submit a wri..
Can we say that the plant in country b is more efficient than the plant in country A? Discuss in terms of both technology and economic efficiency.
Winners of the Lucky Dog Lottery can take $30 Million now or payments of $ 2.5 million per year for the next 15 years. These are equivalent at what annual interest rate? =
For observational data such as global temperature, stock market prices, un- employment, the most persuasive scientific evidence that one variable causes a change in another is. A model derived from accepted theory that demonstrates that a change in o..
Based on the production function parameter estimates reported in Table 7.4: a. Which industry (or industries) appears to exhibiting constant returns to scale? (Ignore the issue statistical significance.) b. Which industry comes closest to exhibiti..
According to literature, hypothesis testing is the basis of many studies. What is hypothesis testing? Why is this type of testing significant? Be sure to include in your discussion response the types of errors associated with hypothesis testing.
Welfare increases as more transactions are made in a market. Explain how derivatives lead to an increase in the number of transactions that are made in the market for the underlying asset upon which they are based.
Economic and Ethical Issues of Pricing Assignment Description
Would an organization benefit from using direct or indirect price discrimination. Why or why not? Provide an example.
Suppose that Joe enjoys and repeatedly does stupid things like getting heavily into debt and insulting police officers. Do these actions constitute systematic errors? If he gets what he wants each time, are his stupid actions even considered to be er..
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