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What are the benefits of using search engines, such as Google, Yahoo!, or Bing? What are some of the limitations and dangers of using information that is widely available on the Web?
For the last several years, the money supply in the fictitious nation of Mauritania has been rising by 10% annually, and inflation has been running at 8%. The central bank is going to cut growth of the money supply back to 3% annually. Which of the f..
Assume that you require a 15% return on stocks. Compute the price of a stock that will pay a $1 dividend next year and is expected to sell for $20 in a year’s time. If your “perceived risk” on a stock is lower, will your required return be higher or ..
who are well-known to be boring, stuffy types; what could be a better way to reinforce one's credentials as a radical, innovative thinker than to skewer their most beloved doctrine.
q.a machine has a first cost of 100000 in todays dollars and a salvage value of 40000 in current dollars at the end of
"Mercantalism recommends that a country should limit its exports, so that more of the otherwise-exportable products are instead available for local consumption." Do you agree or disagree with this characterization of mercantilism's message? Explain.
Describe and explain a monopolist’s output decision. List and explain the characteristics of monopolistic competition. Explain the break-even price and the shut-down rule. List and explain the five features/characteristics of a perfectly competitive ..
The key condition for equilibrium to occur in a market is: A. price should equal quantity. B. demand for one good should equal demand for all other goods. C. demand curves should equal supply curves. D. quantity demanded should equal quantity supplie..
Bribes: Two players find themselves in a legal battle over a patent. The patent is worth 20 to each player, so the winner would receive 20 and the loser 0. Given the norms of the country, it is common to bribe the judge hearing a case.
Suppose the government increases its purchases by $1,200 while holding the money supply constant. The change in aggregate demand resulting from an increase in government purchases if the government allows interest rates to adjust (as compared to the ..
Suppose that you save all of your money to spend next year. Explain how much will you be able to spend next year. How much will you be able to spend this year.
Assuming both types of taxes collect the same number of dollars, a wage tax is preferable to a head tax. For a “normal” good, the income and substitution effects are not opposing forces. That is, for a “normal” good, the substitution and income effec..
Vietnam employs 40 million tons of rice a year. World price os rice is $500 per ton. Vietnam employs 10 million people in rice production with each working an average of 1000 hours a year. Which economy, California or Vietnam, has an absolute advanta..
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