Reference no: EM131167406
1. Explain and evaluate: "If resources were infinitely abundant in relation to the demand for them, the economizing problem would dissolve in a sea of affluence."
2. Can ticket "scalping" be justified? Explain using economic analysis.
3. What are the economic effects of an appreciation of the dollar in foreign exchange markets?
4. Explain the perspective that tougher enforcement of drug laws for cocaine or other drug laws may actually increase the crime rate. Use the concepts of demand, supply, and elasticity in your explanation.
5. A vice president of a company argues that the president of the company should raise workers' wages if the president wants less absenteeism. The president says that wages probably should be cut so that the workers could not afford to miss so much work. Evaluate the two views using the income and substitution effects in your analysis.
6. What is the real cost of putting an unemployed laborer to work raking leaves or digging holes and refilling them during a serious depression? Explain
7. How does pure competition differ from other basic market models?
8. What are the basic characteristics of oligopoly? How does oligopoly compare with the other market structures?
9. What are the case against and the case for the minimum wage? What does the evidence indicate?
10. How can the economic perspective help us understand the behavior of fast-food consumers? Explain several insights it provides about customer behavior?
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Amortized by means of level monthly payments
: A loan is being amortized by means of level monthly payments at an annual nominal rate of 9% compounded monthly. The amount of principal repaid in the 12th payment is 1000 and the amount of principal repaid in the t th payment is 3700. Calculate t..
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Explain how ecologists define species diversity
: Explain how ecologists define species diversity. What types of information must be gathered by scientists to assess the degree of diversity of an ecological community?
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Interest payments and sinking fund payments
: The total of all payments (i.e. interest payments and sinking fund payments) made by Lori over the 10-year period is X. Find X. (a) 15803 (b) 15853 (c) 15903 (d) 15953 (e) 16003
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Find confidence interval for average width of elevator rail
: Find a 95% confidence interval for the average width of an elevator rail. - Do you need to assume that the widths of elevator rails are normally distributed?
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What are the economic effects of an appreciation of dollar
: Can ticket "scalping" be justified? Explain using economic analysis. What are the economic effects of an appreciation of the dollar in foreign exchange markets
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Explain what is meant by a modular lattice
: Explain what is meant by a modular lattice. Describe some of the properties of modular lattices and describe how modular lattices arise in the study of projective geometry
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Determine the balance in the sinking fund
: The deposits to the sinking fund are equal to P minus the interest on the loan and are made at the end of each year for the next 10 years. Determine the balance in the sinking fund immediately after the repayment of the loan.(a) 213 (b) 218 (c) 22..
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What are some major economic events
: Choose the 10-year period of history between 1950 and today that you are going to research. What is it about this period of history that interests you? What are some major economic events that took place during this period?
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What size sample would need to take
: What size sample would you need to take?- Is the finite population correct ( fpc) from the previous chapter relevant here? Why or why not?
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