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You let a friend borrow 15,000. He will repay it in 6 equal end of year payments which consist of 4,000. The first payment will be recieved 1 year from now. What rate of return does your loan recieve?
Is the open market, capitalist economic philosophy now the only viable model for fostering economic development and prosperity? Should (or could) the state play a more direct role in guiding the economy? How similar is the global economy of 2007 to t..
What are unemployment and inflation and how do these concepts relate to economic growth?
How are individuals impacted by the financial markets? How does the financial markets impact economic growth? Venture capitalism and risks? How does healthy financial markets create jobs?
Assume that the wholesale skim milk market is perfectly competitive. Suppose demand is described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium quantity?
Assume that you have a $200,000 mortgage that has a 5% interest rate and no penalty for early payment, a $15,000 car loan at 7% interest
How does a command and control economy answer the "what" question?
Discuss and provide application of concepts of supply and demand by identifying two goods and two services you consume at the household or professional level.
Diminishing marginal returns to the variable inputs causes the total cost curve to: a) get steeper as output increases. b) have a negative slop, c) get flatter as output increase d) be horizontal
What percentage of the total surplus is lost if the government imposes a sales tax (ad valorem) of 20% collected from the producer?
What is the role of timing in deciding to enter or exit a market? Firms decide to enter a market based on current and historical information
If the wage of sawmill workers is $10 per hour, then how many workers will the mill hire?
What are the three actions that the federal government can take to fight recession using fiscal policy?
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