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What is Social Insurance? Discus the importance of Social Importance?
Give an example of a "leading Indicator" and explain how it can predict how the general economy will behave. What is the relationship between the GDP gap and the recessionary gap? Discuss the role of the Federal Reserve in getting an economy out of a..
Suppose that all of the firms in the coal mining industry were willing and able to produce and sell 5 million tons per week at a price of $3/ton last week. This week the firms are not willing and able to produce and sell that amount at a price below ..
What is the value proposition that Apple Pay offers consumers? How about merchants? What are some of the limitations of Apple Pay that might prevent its widespread adoption? What advantages do the Square and Paypal mobile card swipping solutions have..
Are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position in the google antirust case.
The marginal propensity to consume is equal to 0.80. An increase in household wealth causes autonomous consumption to rise by $10 billion. By how much will equilibrium real GDP increase at the current price level, other things equal?
The market for a standard-sized cardboard container consists of two firms: CompositeBox and Fiberboard. As the manager of CompositeBox, you enjoy a patented technology that permits your company to produce boxes faster and at a lower cost than Fiberbo..
ABC Company acquired some land (independently appraised at $12,000) and paid for it by issuing 1,000 shares of its common stock (par $10 per share; no market price was quoted). How should this transaction be reported on the Statement of Cash Flows (S..
The main drawback of the Herfindahl-Hirschman Index (HHI) is that:
An elderly physician has built up his own practice into a quite valuable business. Now that he is thinking of retiring, he wants to take on a partner to learn the business and eventually buy the practice in three years. Discuss the plusses and minuse..
Asset intensive firms are very sensitive to increases or decreases in volume. Regulated monopoly industries usually are very concerned with cost reduction because it will lead to higher profits. A primary reason why nations conduct international tra..
Irene’s Dairy is deciding whether or not to enter the market for ice cream, currently monopolized by Mattie’s Ice-cream. If it enters the market, Mattie’s can either accommodate him and share his 10million in profits equally with Irene or fight him a..
Convert the production function into its normal form. Illustrate what is the MRTS, if price of labour is $120 and the price of capital is $200?
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