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What is meant by the term economic efficiency? Explain how voluntary exchange leads to an efficient solution.
A wind power turbine produces a maximum electrical output of 500 kilowatts. The turbine has a 15-year lifetime and the discount rate is 10%. The wind turbine costs $1 million for equipment prior to installation. Operation and maintenance costs are $5..
Write a few pages where you explain why forms of government in Europe (and America) changed around the same time mercantilism collapsed and the new market economies emerged. Must economic forms determine government forms?
In international economics, what are the current account and the capital/financial account, what are the differences between these two?
Why do you think competitors are using the same or different organizational structures?
Consider a hypothetical economy that produces at its long-run macroeconomic equilibrium at a price level of 100.
A representative of the American clothing industry recently made the following statement: Workers in Asia often work in sweatshop conditions earning only pennies an hour. American workers are more productive and as a result earn higher wages. Is the ..
Examine two (2) arguments one for and one against raising the minimum wage, and discuss your findings. In view of the weak economy of the last several years, explain which of the four components of GDP had, or is having, the greatest positive impact ..
Using the following analysis, test the null hypothesis that the distribution of times is normally distributed. Cite two reasons for your decision.
Suppose you were provided a gift of a gold mine that generates $1,000 of net income every year, indefinitely. And suppose equilibrium rate of interest is 5 percent. Illustrate what is present value of that gold mine.
When the U.S. central bank, the Federal Reserve, increases the supply of money:
hat are some challenges of using incremental cost analysis in public sector financial management?
Calculate the present value of each of the following future payments a. a $10,000 lump sum received 1 year from now if the market interest rate is 8 percent?
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