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What is our unemployment rate for this month? You can find this information located at www.bls.gov. Explain what you think the unemployment rate will be in the 6 months for your local area?
What is the role of prices in a market economy. What is the main shortcoming of a centrally planned economy?
Besides specialization there are a number of other economic advantages to marriage. Provide a brief explanation of the following concepts and how they related to marriage:
Suppose the U.S. grows more slowly than Canada. The best medium term prediction is that the
The dividend is expected to grow 7 percent a year for the next 3 years and then at 5 percent a year thereafter. Illustrate what is the expected dividend per share for each of the next 5 years.
Using appropriate diagrams of wage and price setting and aggregate demand and aggregate supply, explain and discuss the effects of an increase in the price of oil, assuming that this increase in price leads to an increase in the markup set by firms a..
Explain whether each of the following events shifts the short-run aggregate-supply curve, the aggregate-demand curve, both, or neither. For each event that does shift a curve, use a diagram to illustrate the effect on the economy.
There are two production technologies available for a new product line. If the firm decides to install technology 1, its costs will be equal to C1(q)=10+2q^(2). If it chooses to install technology 2, its costs will be equal to C2(q)=30+(q^(2)/2) Calc..
Why should John and Karl live together. If they do, will there be dirty dishes in the sink. Explain
Use Minitab to simulate taking a random sample of 200 male Angus beef cattle (N(1156,84)). How many of the values do you expect to be less than 1072 or greater than 1240? Why do you expect this number? How many of your values are actually in those in..
The word “efficient” in the term “efficient markets hypothesis” refers to the idea that. In 2009 and 2010, the federal government’s budget deficit was about.
What is supply and demand. Illustrate what is the value of the tax revenue collected from the buyers. Why wasn't the government able to collect $12 per tire on 60 tires sold( the original equilibrium quantity).
If the price elasticity of demand for a product is -5, and the income elasticity of demand for the product is 2.5. If a 0.5% decrease in product price as accompanied by a 1% decrease in consumer income, the firm's total sales will
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