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1) Another student tells you their grandpa said, "Back in my day, everything was less expensive. A can of Coke used to be 1 penny, now we pay that in tax." How would you respond to this with your knowledge after the reading?
2. Explain in your own words the difference between a GDP per capita of $2,000 compared to $40,000.
3. How does confidence (or lack thereof) play a role in the economy?
4. Explain the recession of 2007/08 . What happened?
5. What is the author's opinion on the American Recovery and Reinvestment Act, or "Obama's stimulus"?
6. List the "vital signs" for an economy and describe why each pertains to recession and recovery.
Explain the reason for positioning and repositioning products. Choose a product with which you are familiar, preferably one in your industry, and explain how it might be repositioned. Indicate its current position in the market, a desired position, a..
To purchase a house for $80,000, a new couple has $12,000 available for down payment. get a new standard mortgage with 10% APR interest compounded monthly for a 30-year term. What is the effective rate for option 2 per year? Compute the monthly payme..
1. Describe the circular flow model of the free-market system.
Select one of the following entities; Google, Yahoo, DropBox or Amazon. Briefly, describe the entity's underlying business model. Construct a valuation model to determine the entity's intrinsic value.
Consider an economy with two sectors, high tech (H) and low tech (L), and three types of workers: scientists (S), managers (M) and blue-collar (B). S and B are the septic factors of the H and L sectors, respectively. Managers can work in both sectors..
at are some challenges of using incremental cost analysis in public sector financial management?
If a political candidate said that if she were elected to Congress, she would work toward cutting federal government spending by one-third over the next four years; would she stand much chance of fulfilling her promise? Why or why not? Discuss the pr..
An increase in the uncertainty of the future profit stream of projects will (assume no wealth effect or other change in the investment decision rule, or shift in the production function)
You deposit 319 dollars in an account every year for 7 years that earns 10 percent annual interest. What is the present value of your deposits today (the present value of the annuity at time 0)? (your first deposit will be exactly 1 year from now ..
Equilibrium in our graph of AD and SRAS occurs where AD = SRAS. Unless otherwise specified, we assume that the economy rapidly moves to equilibrium. What ensures that the economy is in equilibrium?
Suppose that the demand function for crab cakes is equal to Qd = 200P^(-1). Using calculus calculate the price elasticity of demand when P = $20. Is demand for crab cakes elastic, unit-elastic, or inelastic? Briefly explain
Pretend that you have just been surprised with a genuine e-mail that says you have just been selected by your favourite pizza delivery company that every day for the next month you will receive your favourite pizza for lunch and another of that same ..
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