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United States has large trade deficits with many countries. Discuss at least two reasons (positive economic analysis) for the trade deficit.
Should the United States pass a minimum wage that assures all workers earn a wage above the poverty level? Defend your position using economic principles.
Lynn Rasmussen is deciding what sports car to purchase. In reflecting about the situation, it becomes obvious that after a few years Lynn may elect to trade.
According to the theory of purchasing-power parity, if Japan has low inflation and Mexico has high inflation, what will happen to the exchange rate between the Japanese yen and the Mexican peso?
We stated that to assess the risk tolerance value of R for the exponential utility function, we should find the greatest value of Y such that the decision.
How elastic is the demand for gasoline sold at stations within D.C.? In other words, if the price of gas in D.C. rises.
Williams & Sons last year reported sales of $110 million, cost of goods sold (COGS) of $90 and an inventory turnover ratio of 5.
If hte price of a chocolate bar, p1 is $1, the price of a slice of pie, p2 is $2, and Y is$80, what is Johns optimal bundle?
Create a spreadsheet similar to the given example. Only the quantity cell (C5) contains a numerical value. All other cells are linked by formulas to the quantity cell.
Draw cash flow diagram for the following: you can use either the leader or borrower point of view. Your choice I = 12% per compounded yearly. Be sure to label the amount you pay at the end at each year.
Are there any externalities associated with this good Explain whether the private market should provide this good or the government should provide this good. Explain in terms of whether the characteristics of the good would make it difficult to be..
What possible prices for the haircut would be beneficial to both Maria and Juan? How much total surplus (that is, the sum of consumer and producer surplus).
You are considering auctioning a Leonardo Da Vinci original sketch. You entice four bidders to come to your auction. The bidders’ valuations of the sketch in decreasing order are $3.0, $2.2, $2.0, and $1.5 (in millions).
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