Question: Here are annual values for M2 and for nominal GDP (all figures are in billions of dollars) for the mid-2000s. Year M2 Nominal GDP 2003 6,055.5 $10,960.8 2004 6,400.7 11,685.9 2005 6,659.7 12,421.9 2006 7,012.3 ...
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Question: How does an economy's choice about how many of its resources to devote to capital goods production as compared to consumer goods production affect its curent standard of living and its future standard living? T ...
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Question: Do you think new economic policies should be created to make our current and future healthcare system more competitive? If so, what are the 2-3 areas in the U.S. healthcare delivery system that need to be more ...
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Question: A local finance company will loan $8,000 to a home-owner. It is to be repaid in 24 monthly payment of $498 each. The first payment is due 30 days after the $8,000 is received. What interest rate per month are t ...
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Question: To solve the congestion problems of the big cities, Congress decides to increase the Federal gasoline tax by 25 c per gallon, with a rebate to largely rural states; the net effect will raise approximately $20 b ...
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Question: John's project has a five year term, a first cost, no salvage value, and annual savings of $20000. After doing present worth and annual worth calculations with a 17% interest rate, John noticed that the calcula ...
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Question: Tom Jones Beef Jerky is naturally high in protein and low in fat, calories, and carbs that make it an ideal snack for active, health conscious individuals. The only problem is that consumer research shows that ...
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Question: What are the highest and lowest payments from the writer that the beekeeper- farmer team will accept for the sixth day? Assuming that the farmer can dispose of $7 from the writer as she wishes, what range of pa ...
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Question: Before World War II started, the German currency, which was then the Reichsmark, was set at 2.5 to the dollar. After the war ended, the occupying forces set its successor, the Dmark, at 4.2 to the dollar. The u ...
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Problem: Suppose firms cost function is C(q) = 4q ^2 + 16 a) Find variable cost, fixed cost, average cost, average variable cost,and average fixed cost. (Hint: Marginal cost is given by MC = 8q) b) Show the average cost, ...
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