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Question: You are tasked with making predictions on the market for new cell phones. Suppose you examine recent data and find evidence that the durability of used cell phones has increased and the price of use cell phones has decreased, year-over-year. What effect will this event have on the market for new cell phones?
• It will increase the equilibrium quantity of new cell phones. © It will decrease the equilibrium price for new cell phones. It will decrease the equilibrium quantity of new cell phones.
• It will increase the equilibrium price for new cell phones.
Discuss how investment motivations differ between various businesses and organizations and how that may impact their preferred choice for economic analysis.
You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semi-annual interest payment. The bond rate is 6.6% per year payable semi-annually. what will be your minim..
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A typical policy will pay the replacement cost of $2500 if the boat is a total loss.
If nominal output rises from $13.5 billion to $14 billion and the GDP deflator rises from 100 to 105, What is the percentage increase in nominal output? What is the percentage increase in the price index?
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Because of the decreasing labor force participation rate of youths and the prime age group, the overall labor force participation rate is expected to decline.
There are more than 150 million eligible voters in the U.S. and only a few hundred sugar growers. And yet, the sugar growers in the U.S. have succeeded in getting the U.s. Congress to pass legislation limiting the amount of sugar that can be importat..
What are the forced of production and the social relations of production?
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