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Under "early decision" college admission plans, students apply to a college in the fall and, if they are accepted, they must enroll in that college. Some critics of early decision plans, including some college presidents, argue that the plans put too much pressure on students to decide early in their senior year in high school which college to attend. Some college administrators have proposed abolishing early decision plans, but as one newspaper headline put it: "Applicants Continue to Flock to Early Admission Programs." If many college administrators believe that early decision plans should be abolished, why do their schools continue to use them? Can game theory help analyze this situation?
What is protectionism? Can you give two concrete examples of protectionism? Explain what David Ricardo meant by comparative advantages within foreign trade.
Consider a long-term debt you currently own (e.g., a mortgage or student loan) and discuss how you would take present value into account when deciding whether you should retire that debt ahead of schedule. Explain your rationale.
What market rate of return must an investor make to earn a real interest rate of 10% a year on an investment after allowing for the effects of 4% per year inflation?
If it is not feasible to obtain more data, then one must accept the fact that the data one has contain a limited amount of information and must simplify the model accordingly. Trying to estimate models that are too complicated is one of the most c..
Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party.
a company uses two variable inputs labor l and materials m to produce its output. at the companys current level of
Choose the two segments of the general environment that would rank highest in their influence on the corporation you chose. Assess how these segments affect the corporation you chose and the industry in which it operates.
Government regulation is, at times, a result of market failure. The marketplace can often create efficiencies naturally through supply and demand. Unfortunately gaps of inefficiencies result in market dislocations. Thus governments believe they can r..
How did the 1971 law that banned cigarette advertising on television solve the prisoners' dilemma for cigarette producers?
Suppose you want to test whether girls who attend a girls' high school do better in math than girls who attend coed schools. You have a random sample of senior high school girls from a state in the United States, and score is the score on a standa..
Based on a Rate-of-Return analysis of alternatives A & B alternative B was selected. A Net Equivalent Uniform Annual analysis of the same alternatives led to the selection of alternative A. Describe the circumstances which could lead to this outco..
Evaluate whether each of the following statements is true or false. Explain your answer and provide supporting rationale. The short-run aggregate supply (SAS) curve slopes upward because households spend more as their incomes increase. The long-run ..
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