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The invisible hand theory which essentially says, people by pursuing their own economic self interest, help allocate resources in the economy as if an "invisible hand" is at work to do so. How would you say this theory manifests itself in the hands-off approach of the classical economists with respect to government intervention in the economy?
In your own words, discuss the economic purpose of OPEC. Illustrate what has happened to oil prices over the past five years.
Aztec depends heavily on advertising to sell its products. Management at Aztec is allowed to spend $2 million monthly on advertising-What is Aztec's elasticity of demand for advertising?
Compute the price of the stock. A stock has a P/Sales ratio of 3. Sales per share is $16. Find the price of the stock.
Elucidate why does the Fed like to fight inflation in our economy and is inflation a concern right now given our current economic situation.
Now assume the government increases spending, reducing the country's savings rate based upon this change. What is the effect on the government spending on the economy.
Exp[lain how does banks use Covered interest arbitrage to protect themselves.
Consider a monopolist facing demand curve Q = 100 - P. MC=AC=$20. Find out the monopoly price, profits, and consumer surplus.
Identify also explain the different functions performed in the electricity supply sector by several different types of electric utilities in these markets.
A farm operator has asked you to help him/her determine the quantity of water that should be applied to a crop under irrigation.
What is the opportunity cost of going to a doctor to be examined for skin cancer? Would eliminating research reduce or increase the cost of U.S. health care?
Comprising an evaluation of the impact of past and current fiscal policies, monetary policies, budget deficits or surpluses on the economy and on the airline industry industry.
Dave is employed by a corporation that currently pays him $65,000 a year. He owns a new car that he bought for cash of $32,500. Dave is thinking about returning to school to get a law degree.
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