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In the 1920 Sears Roebuck catalog, an oak chest of drawers costs $8 plus freight. In 1990 this same chest of drawers, in good condition, is $1200. If the average rate of inflation over that 70-year period was 3%, what was the average yearly rate of appreciation, adjusted for inflation?
Consider the following model for the economy c=100+0.75(y-taxes) and I= 200, G= 50 and taxes+10+.16y. export=15 and imports= 5+.05y. what is the equilibrium level of GDP? Suppose the level of investment is reduced by 50. What is the equilibrium level..
Corporation X is in the business of buying, restoring, and selling vintage cars. A local man attempts to sell to corporation X a vintage car, estimated to be worth $50,000, for the price of $1000. If the president receives the offer but, instead pres..
Create a table that lists at least four sources of growth in the economy along with two examples of each source. A brief caption should accompany your table, explaining what it contains and why these sources are important.
An automotive part must be machined to close tolerances to be acceptable to customers. Production specifications call for a maximum variance in the lengths of the parts of .0004. Suppose the sample variance for 30 parts turns out to be s² = .0005. Us..
A military conflict forces the shut-down of major crude oil pipeline. World oil prices soared to an 18 month high. Show the effects in the crude oil market.
The secret to producing more consumption goods in the future is
If the economy is experiencing a large recessionary gap, what dicretionary policy might the government use to get the economy out of the output gap?
Which of the following raise the incentive for households to save?
Discuss what you believe to be the three most difficult problems contributing to the gap between rich and poor countries. Be sure to provide solutions which you believe may resolve the problems you identify.
Why would your company have bid with a zero mark-up on some past tenders? Why didn't it win all of those contracts? What is the bid price that maximizes the expected contribution of the contract?
As a university student who is likely to be seeking a professional position following graduation from your academic program
Which of the following changes would shift the demand curve for a good or service?
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