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Airline travel and train travel in Europe are substitute goods. Suppose the price of airline travel decreases.
Explain what happens to the demand curve for airline travel. The demand curve for airline travel would increase because
Explain what happens to the demand curve for train travel. (In your explanation, be sure and describe which one is a change in quantity demanded with movement along the demand curve and which one is a change in demand with a shift in the demand curve)
There are estimates that as many as 4,000 pizzerias open every year in the U.S. and just as many close. Why does this continue to happen? Provide an example.
Health insurance companies in a country decided to introduce pre-authorization review of hospital admissions, i.e., all hospital admissions must be pre-authorized and the health care provider must contact the insurance agency to get the approval to a..
Assume that an employer believes that the “efficiency” (e) it can get from a particular worker, as a function of the hourly wage (w), is given by function e = –0.125w + 0.15w2 – 0.005w3, at least up to a wage of 30. Which wage gives the highest ratio..
What is Fiscal policy? Crowding out effect is defined as "the decrease in private expenditure (C+I) as a consequence of increase in government spending (G) or the financial needs of a budget deficit". So, crowding out cannot have a "positive" effect ..
The manager of Haines Company observes that the morale of employees in her company is low. She thinks that if their working conditions are improved, pay scales raised, and the vacation benefits made attractive, the morale will be boosted. Her conject..
Determine the profit of the Restaurant. If the company were to produce as a perfectly competitive firm, how much would it produce?
Is there a surplus or deficit in the government budget at the equilibrium level of income.
Cutter Company makes and sells table saw, which are designed to be safe if used properly. Erin buys a Cutter saw and lends it to her neighbot Frank. To reach a toolbox on a high shelf in his garage, Frank props the saw at an angle against a cabinet a..
Identify a few ads for brands that have been endorsed by celebrities. What is the effect of the celebrity’s attractiveness, likeability and meaningfulness on the customer perception of the brand?
Suppose the government increases spending by $30 billion and raises taxes at by $20 billion at the same time. Then, interest rates will most likely stay the same.
if thailand had a job finding rate of 4 and a steady-state natural rate of unemployment of 10 what would the job
The production of any goods or services requires the allocation of resources that otherwise could be used to produce other goods and services, given the available technology.
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