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US farmers and ranchers who do not export thier products:
A. Should have their products protected from foriegn competition.
B. Favors a week dollar.
C. Need not be concerned about currency rates.
D. Favor a strong dollar.
2. The Financial sector of the economy:
A. Is unrelated to transactions in the goods sector.
B. Facilitates transferring the economy's savings into financial assets.
C. Returns savings back to the spending stream in the form of tax credits.
D. Is not affected by the level of government spending.
If Amy spent her entire allowance, she could just afford 8 candy bars and 8 comic books a week. She could also just afford 10 candy bars and 4 comic books. The price of a candy bar is 50 cents. Illustrate her budget line with a diagram (be sure to la..
Using appropriate models or theories, explain the economic intuition (logic) behind the following events. An increase in money supply leads to a fall in short-run interest rate. An increase in real income leads to a rise In short-run Interest rate
Suppose the world price of cotton rises. The demand for labor among cotton-producing firms in Texas will (increase or decrease). The demand for labor among textile-producing firms in South Carolina for which cotton is an input will (increase or decre..
Find unemployment rate and show HOW:
A cost of living index is introduced in the previous exercise. Suppose the consumer’s direct utility function is u(x1, x2) = √x1 + x2. Let base and final period prices be as in part (a), but now let base utility be u0. Show that the value of the inde..
Assume that the reserve requirement is 20 percent. Also assume that banks do not hold excess reserves and there is no cash held by the public. The Federal Reserve decides that it wants to expand the money supply by $ 40 million dollars. If the Fed is..
What are the qualitative differences between oligopolistic, monopolistic, and competitive markets? What market structure does WalMart operate in? What evidence can you provide?
Which represents full & unfair insurance? Geting insurance turns IS into I'S. This represents. What term represents the insurance company's EXPECTED profit if a policyholder does not get sick?
You are thinking about becoming a Paradise Coffee franchisee. Franchisees are offered a business specializing in producing an exclusive line of exotic coffee drinks (similar to Starbucks). What is the estimated explicit (accounting) cost of your prop..
A Fenway park, home of the Boston Red Sox, seating is limited to 39.000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue.
ead the information in your notes and at WorldWideWebTax to decide. Make sure that you show your work on each circumstance and the overall benefit of standard versus itemizing.
Larger companies like Toyota and VW will ultimately survive - they have a good deal of money and power to ride out the storm. Toyota is still a top seller - even with all the problems they have had and continue to have. Can you explain why? Why would..
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