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Quesiton: A student has a job that leaves her with $500 per month in disposable income. She decides that she will use the money to buy a car. Before looking for a car, she arranges a 100% loan whose terms are $500 per month for 36 months at 18% annual interest. What is the maximum car purchase price that she can afford with her loan?
What are the equilibrium quantities when the nations trade freely at price of $15? Explain your answer
Explain two arguments against Keynesian fiscal policy, one using the concept of "crowding out" and the other showing that it can only cause inflation.
As an investor, what kind(s) of economic information would you look for if you were thinking about investing in the following?
If the government levies a pollution tax such that the utility produces the efficient quantity, what is the price of electricity, the tax levied.
Identify your major cash flows for the current school term as first costs, O&M expenses, salvage values, revenues, overhauls, and so on.
make a ppf for ray who can compose two blues songs in an hour or four jazz songs in an hour. include one point that is
Propose two applications of the knowledge that you have learned in this course to your current or a future position. Provide a rationale for your response.
In uncertain economic times, what serves as a way of preserving economic value that can be spent or consumed in the future? a. obtaining a credit card b. owning gold
Suppose you estimate the consumption function Yi = α1 + α2 Xi + u1i and the savings function Zi = β1 + β2 Xi + u2i -What is the relationship, if any, between α2 and β2 ? Show your calculations.
Assume that the least-squares line for predicting forearm length (y) from height (x) is y = -0.2967 + 0.2738x . Both forearm length and height are measured in inches in this equation. Predict the forearm length of a man whose height is 70 in.
Explain the law of diminishing returns in your own words. This idea can be applied to other concepts in economics. Think about your own utility from consumption. Give a personal example of diminishing utility.
What was the average effect of ability tracking on test scores for the full sample? On average, did tracking improve test scores? [1-2 sentences]
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