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1. Explain why both nations with high living standards and nations with low living standards face the problem of scarcity. If you won $1 million in a lottery, would you escape the scarcity problem?
2. Why isn't money considered capital in economics?
Income elasticity of demand is always expressed as a positive number (absolute value).
What is the Coase Theorem, and when is it likely to be helpful in leading a market with externalities to provide the socially efficient level of output?
Calculate the daily percentage returns for the S&P 500 and Intel stock - Compute the correlation coefficient between excess market return and excess return on Intel stock, and compare its square to the R2.
Deliverable Length: 1 graph plus calculations You must give up your full-time job, which paid $50,000 per year, and you worked part-time for half of the year. The average retail price of the cookbooks will be $30, and their average cost will be $2..
Each situation should be considered independently. In discussing each situation, ignore the other.
The spring unwinds as the piston moves down, and the pressure and volume drop to 0.7 MPa and 0.5 m3 at the end of the process.
Suppose you have $20,000 cash today and can invest it at an interest rate of 10% compounded each year. How many years (to the nearest one-tenth year, xx.x) will it take you to become a millionaire
In many countries the capital owned by nonresidents is taxed. What are the effects of such tax exporting? Is it profitable to subsidize capital owned by nonresidents?
For an asset that fits into the MACRS "all property not assigned to another class" designation, what is the book value at the end of year 7 for the asset Assume the asset has a 10-year life of use and that the cost basis for the asset is $10,000.
Suppose that Gloucester currently has 20 ATMs and 20 tellers. If 3 ATMs suddenly fail, how many additional tellers must the bank hire to maintain their original level of service?
It has been found that people who live in high sales tax areas are much more likely to purchase over the internet where they are usually exempt from sales tax from firms located in another state. The NGA has proposed a uniform tax of 5% on all int..
Southwestren Moving and storage wants to have enough money to purchase a new tractor-trailor in 5 years at a cost of $290,000. If the company set aside $100,000 in 2 years and $75,000 in 3 years how much will the company have to set aside in 4 yea..
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