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Question: Experts point out that the commercial sex industry is profitable because a demand for sex exists. What role does the demand for sex have in perpetuating the exploitation and trafficking of girls and young women in the US? Why do you think there is a greater demand for trafficking girls and young women?
A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is. What is the number of units that should be produced and sold eac..
Explain the difference between positive and normative economics and how this affects ethical decision making. How would this situation be described in terms of Positive economics? Which of these do you think is the correct way to describe this situat..
Has the rise of the internet and file sharing turned media such as movies and music into public goods? Why? Be specific in your explanation.
The firm paid $4,030 in total interest expense and deducted $5,420 in depreciation expense. What was the company's cash coverage ratio for the year?
Assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in the e-Activity.
Profits from recycling paper, cardboard, aluminum, and glass at a liberal arts college have increased at a constant rate of $1100 in each of the last 3 years. If this year's profit (end of year 1) is expected to be $6000 and the profit trend continue..
Laurie’s demand for x is given by . Which of the following best describes Laurie’s demand for x when the price of x changes if her income is 10 and px = 2? (a) Relatively elastic (b) Unit Elastic (c) Relatively inelastic (d) Perfectly inelastic (e) N..
assume that the cost elasticity for hip replacement surgeries is 0.3. additionally assume that hip replacement
How would you hedge your exposure with forward contracts and option contracts and what will be the dollar cost of hedging with forward contract?
Participate in a discussion with your classmates regarding where you see the U.S. economy in its business cycle right now, as based on the economic concepts in the textbook. Now that we learned that the real business cycle results from fluctuations i..
U.S. policy to increase the miles per gallon (mpg) of new cars is to mandate an average mpg for cars sold by U.S. manufacturers. In many countries within the European Union, the policy is to tax gasoline so that the price per gallon at the pump is st..
According to the equation of exchange, if total output is 2,000 units, the velocity of money is 5, and the money supply is $1,000, the average price per transaction will be
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