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The Australian dollar continued to rise by another 20 percent against the U.S. dollar in between 2010 and 2012. How would this have affected Billabong? Is there anything that Billabong might have done to limit its long-term economic exposure to changes in the value of the currency in its largest export market?
Studies indicate that the price elasticity of demand for cigarettes is about 0.4. if a pack of cigarettes currently costs $2 and the government wants to reduce smoking by 20%, by how much should it increase the price?
q.assume that when an economy has a gdp of 500 consumption is 550. the mpc is .75. investment is 25. begin the problem
For each of the following, identify whether the statement is true, false or uncertain and justify your answer. a) If everyone has the same marginal rate of substitution, then the allocation is Pareto efficient. b) If a policy change increases social ..
Your financial planning client wishes to have investment savings in 20 years that will provide $1.0 million dollars of purchasing power, measured in today's (real) dollars. The current balance of the client's investment account is $75,000. In today’s..
If the money supply is growing at a rate of 6 percent a year, real GDP is growing at a rate of 3 percent, and velocity is constant, what will the inflation rate be?
In the final round of a tv game show, contestants have a chance to increase their current winnings of $1 million to $2 million. if they are wrong, their prize money is decreased to $500,000. A contestant thinks his guess will be right 50% of the time..
illustrate what wage would a monopoly union demand. Explain how many workers would be employed under union contract.
In producing petroleum from oil shale, approximately 1.5 metric tons of shale should be processed to produce one barrel of oil (140 kg). Determine the mass and volume of spent oil shale resulting in the production of one million barrels of oil. Assu..
Economics is the study of how society manages its
While all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only______ of the regional bank presidents are members of the FOMC. The Federal Reserve's role as a lender of last resort involves lend..
what is the average product of capital and labor? what is the cost minimization choice of capital and labor if the firm decides to produce 144 units of output?
An engineer decides to set aside money in a 529 Plan for his newborn's college education. He estimates that the child's needs will be $48,000 on her 18th, 19th, 20th, and 21st birthdays. If he plans to make uniform deposits starting 3 years from now ..
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