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How can an event such as the terrorist attacks of September 2001 affect consumer and business confidence and the economy?
Microeconomics, Economics
Question: A friend convinces you that she has a great idea for a business, and the two of you incorporate. You supply her with funds and let her make all of the executive decisions. Under the agreement you hold 30 percen ...
Question: As an alternative to uniform pricing a monopolist may engage in price discrimination. There are three general forms. Describe each form of price discrimination and provide a real-world example of each. The resp ...
Question: 1. Develop plan to overcome barriers. Your plan should be clear and specific. Another person should be able to read your plan and replicate it. 2. Discuss with colleagues. 3. Describe the anticipated barriers t ...
Assume that the marginal utility of Good X is strictly zero but the marginal utility for Good Y is strictly positive. What is the consumer's indifference curves look like? If the prices of both goods are positive, what ...
Question: Older business cycle theories used to focus on what was called the ‘‘interaction of the multiplier and the accelerator'' to produce endogenous business cycles; the accelerator said that investment was proportio ...
Question: Jones graduated college a few years ago and can't find a good job. When I suggested she go back and major in economics this time around, she responded that she couldn't because she had already spent so many yea ...
Question: Why does the government create monopoly power via its patent system, when elsewhere it spends millions trying to prevent the emergence of or regulate monopoly power? The response must be typed, single spaced, m ...
Question: Economic Cycle Curves Construct the AD, SRAS, and LRAS curves for an economy experiencing (a) full employment, (b) an economic boom, and (c) a recession. What will happen in each case if it's only temporary? Wh ...
Question: John and Jane are friends and they both work at the university. They shop at the same stores, have the same circle of friends, and spend most of their time at or around the university. John decides to live in t ...
Question: Suppose the price elasticity of machinery exports in international markets is 2/3, and the dollar is overvalued by 30%, so those exports drop 20%. Also assume that this reduces manufacturing employment by 500,0 ...
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