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What is meant by the term "informal economy"? What are its characteristic features? What relation does it have to the "formal" economy, and what challenges has it presented for how we think about the economy?
You have narrowed your choice of which refrigerator to purchase down to two choices. Both are used, and both will last two years. The difference between them is in the annual electricity consumption.
Discuss how you can use the laws of demand and supply to explain the following scenarios: Scenario 1: After world gasoline prices jumped in the late 2000s, global bicycle sales rose to more than 1 million per month.
This PDF printer is quite expensive. Explain why this PDF printer is not necessary for Windows 10.
According to the FED what are it's inflation and full-employment targets. Explain how changes in the money supply via the open market operation impact will raise interest rates and how the anticipated increase in interest rates will likely effect, ..
Examine the impact on a small country following an outward flow of immigrants that decreases its labor force. Assume that land is specific to agriculture and capital is specific to manufacturing, while labor is free to move between the two sectors.
Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
Write down the formula for the budget constraint, and what happens if we allow for the stamps to be traded at a price equal to 1.
Public health information can be broadcast at a cost of $100. Public health information is a pure public good, in that many people can use the information simultaneously and preventing people from using the information is very difficult. What are the..
You want to buy a new sports coupe for $49,280, and the finance office at the dealership has quoted you an 8.4% APR loan for 3 years with monthly payments.
In searching for global markets to enter, illustrate what are some criteria that Rollerblade should use to select countries to enter and illustrate what three or four countries meet se criteria best and are most likely candidates.
The hybrid model of a car averages 40 miles per gallon as compared to the regular model that gives only 28 miles per gallon. Assume that the resale value of the Hybrid model would be $500 more at the end of five years as compared to the regular model..
What are the profitmaximizing output and advertising levels? What are the profits?
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