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Let us discuss America's imperialist episode in 1898 when, almost point-blank it took four colonies. Was this an aberration or the beginning of a new trend? Can you think about our current times and find any similarities or parallels?
Assume that there are two categories of goods: protein shakes and all other products. A. Show using diagrams how a consumer's demand curve for protein shakes can be derived from an indifference map and a budget constraint diagram. Make sure you expla..
Evaluate this monitoring system. What would you do differently? Consider the benefits as well as costs of any change you recommend.
You own a golf course in Florida and you need to determine how many golf carts you need to buy to maximize profits. What is the user cost of capital and what is it expressed in? Now suppose the (local) government with all their financial shortfalls e..
Illustrate what are some of the damaging effects deflation has on an economy. Elucidate what would be a monetary policy prescription to reduce or eliminate deflation.
Corporate bonds are often purchased as a conservative investment strategy. What is the difference between a Coupon Bond and a Zero Interest bond? Identify at least three (3) possible effects of an increase in the money supply on interest rates
Illustrate what does GDP income leave out. Should a country meet additional quantifiable goals before being considered "developed".
Suppose the employees of Starbucks in China are paid 8 yuan per hour and a cup of coffee is priced at 8 Yuan. If Starbucks is maximising its profit, What is the value of marginal product of labour (VMPL) per hour of the last worker employed by Starbu..
Analyze the business cycle. What are the determinants of aggregate demand? Examine changes in aggregate demand and aggregate supply, using the data from Step 1 and Step 2. How do these changes affect the business cycle?
A patient goes under the knife and will either die right after surgery, survive for 1 year, or survive for 2 more years. Assume that the probability of surviving for a year is 60% and surviving for 2 years in 30%,
Some economists believe that creeping inflation cannot be accepted because a gradual increase in prices leads to an ever-rising rate of inflation. Other economists argue that in order to achieve economic growth, some moderate price increases are nece..
More than one million people travel by car from the suburbs to downtown Chicago each weekday. The commute using interstate highways (i.e. expressways and tollways) averages 90 minutes one way. Using side streets, the same commute takes only 60 minute..
Engineers at a national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of gasoline. They estimated that in mass production the car would cost $40,000 per unit to build. The engineers argued that Con..
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