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Why does the geographic specialization happen? Why, for instance, Hollywood is known for film production and export, Japan for cars, and Italy for fashion. Pick one geographically specialized area and thin k why did it happen and how does it integrate in the world economy.
1. Describe the circular flow model of the free-market system.
The market for tennis shoes has a horizontal supply curve and a linear, downward-sloping demand curve. Currently the government imposes a tax of t on every pair of tennis shoes sold and does not tax other goods. the total deadweight loss caused by th..
Under the law, a "person" can be a corporation or another organization as well as an individual.
A highway department is considering building a temporary bridge to cut travel time during the three years it will take to build a permanent bridge. The temporary bridge can be put up in a few weeks at a cost of $740,000. Calculate the present value o..
Using MACRS, determine the IRR for the project if the company is taxed at the 25% marginal rate. Do not use Section 179.
The concept of "stagflation" which is a term created by mashing together stagnating and inflation that reflects a slowing or stagnant economy and an inflationary environment. From a corporate financial manager perspective, discuss the implications of..
What is the accounting profit that Fred would get in his venture? What is the economic profit that Fred would get in his venture? Would you recommend Fred go ahead with his venture? Why?
How the risk-free rate, market risk premium and stock beta are used to calculate expected returns using the capital asset pricing model (CAPM)?
The Lewiston Lodge of Elks sponsored a golf tournament at the Fairlawn Country Club in Poland, Maine. For promotional purposes, Marcel Motors, an automobile dealership, agreed to give any golfer who shot a hole in one a new Dodge automobile. Was the ..
Who made up the Grange also Illustrate what effect did they have on the writing of the Texas constitution.
Suppose the Fed conducts an open market sale by selling $10 million in Treasury bonds to Acme Bank. Sketch out the balance sheet changes that will occur as Acme restores its required reserves (10% of deposits) by reducing its loans.
Which of the following is the result of the "Great Compromise" between the small and large population states?
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