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Discussion: Great depression
Write a 300-word essay on the causes and consequences of The Great Depression. What were the main mistakes that caused the depression? Could The Great Depression have been prevented?
Public goods are both nonrival and nonexclusive. Explain each of these terms and show clearly how they differ from each other.
List three strategies that can be used by firms to enhance profits in an environment of extreme price competition.
In a market economy, the price system facilitates allocation of resources. Discuss how a manager may contribute to the profit maximization goal of a firm by studying managerial economics.
How would these transactions show up in the balance of payments accounts of New York and New Jersey? What if the New Yorker pays cash for the machine?
Suppose Argentina (A) and Bolivia (B) only trade with each other and they both produce the same two goods: grocery (G) and fish (F). Given its resources, Argentina can produce either 2 units of grocery per day or 1 unit of fish; Bolivia can produce e..
The university is considering level of light on campus. Tim, Shirley and Cynthia are the only students who work on campus. Tim's Marginal Benefit MB = 60 - 3Q, Shirley's MB = 20 - Q, and Cynthia's MB = 5, where Q is the level of light. If there are n..
Let Y1,...,Yn be i.i.d. draws from a distribution with mean μ. A test of H0: μ = 5 versus H1: μ ≠ 5 using the usual t-statistic yields a p-value of 0.03.
Tim Condon, an economist at the European bank ING, was quoted in the Wall Street Journal in 2011 as predicting that "China's current account or saving-investment surplus [will be in] the 1-2% of GDP range." Is he correct in referring to China's cu..
Due to the recent recession, the government increased spending. Explain the effects of increased government spending on nominal interest rates.
Analysis of Development Theories
What does this estimate imply about the price elasticity of demand for ice cream cones and calculate the price elasticity of demand when the price of an ice cream cone rises from $3 to $4. What does this estimate imply about the price elasticity of d..
What is the equilibrium constant in economics? Give examples
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