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Explain how the CPI is constructed and discuss any weaknesses with this measurement technique.
Consider the country you have been assigned. How is unemployment there different from unemployment here? How does this affect the measurement of unemployment? What are the differences between there and the US in the prevalence of the underground econ..
The rising middle class in China means millions more people are taking to the skies. There's a tsunami of retirement which is now under way in the airline industry. Chinese airlines have raised their pay offers to foreign pilots by up to 30% in the p..
What is the present value of $2,500 received in years 3 and 6, $2,000 inyears 7 through 10 with an interest rate of 10% compounded annually? What is the annual equivalent payment in problem 1a over 10 years?
Build a spreadsheet (see Appendix A) to calculate the total trip cost for gas costs of $2, $3, $4, and $5 and values of time of $6, $9, $12, $15
Why might the electricity industry offer to pay large consumers of electricity to stop using electricity during periods of high demand? Put another way, what is the purpose of interruptible load programs?
What statistics and linear algebra book do I need before reading Hayashi's Econometrics? Basics linear algebra book seems too simple for the linear algebra part, and Casealla's statistical inference is missing out detail/too basic for the statistical..
Describe the current state of the U.S. economy using the two monetary aggregates (M1 and M2) currently published by the Federal Reserve. In your description, illustrate the trends of the two monetary aggregates. Evaluate what the Federal Reserve Bank..
You have just opened a new Italian restaurant in your hometown where there are three other Italian restaurants. Your restaurant is doing a brisk business and you attribute your success to your distinctive northern Italian cuisine using locally grown ..
Your market research suggests that the price elasticity of demand in the general public is -1.1.
Your uncle Bob has been following a home-made investment strategy. Over a period of five years, he made ten semiannual purchases of stock for $1,000 each. At the end of the five years, he sold all the stock for a total of $12,000. What effective annu..
You own a pizza shop and you use both labor and capital to make your pizzas. Currently the marginal product of labor is 5 pizzas per hour, while the marginal product of you capital is 2 pizzas per hour. You pay your labor $10 per hour, and your capit..
If the economy is currently producing 40 units of cotton and 6 units of wheat, then what is the approximate opportunity cost of producing 10 more units of cotton?
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