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In economics, diffirentiate free market and market equilibrium.
What is the best ways to control the price of sugar in the USA.
Business Economics, Economics
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What do you gain from being able to "see" the data in a graphic presentation, that a table of the data may not readily provide? Discuss and explain why.
With most of the world's nations either having moved to market economies, does the nationalization of foreign industries and property have its place?
Suppose, in equilibrium and in a closed economy, at the point of tangency between the iso-value line and the ppf, we observe that MPLf= 8 MPLm= 2 and PM=1 what is Pf? what is the wage?
Manny, Moe and Jack have the following demand curves for pears: QManny = 100 - 2P = 70 - 2P + 10 Ppear + .25 YManny where P Pear = 2 and YManny = 40. QMoe = 300 - 4P = 80 - 4P + 35 Ppear + .75 YMoe where P Pear = 2 and Y ...
Some seem to believe that we should be pure maximizers. Others say that we do better as constrained maximizers. Which view does David Schmidtz endorse and why?
A sample of 1,000 U.S. households is taken and the average amount of newspaper garbage or recycling is found to be 27.8 pounds with a standard deviation of 2 pounds. Estimate, with 90% confidence, the mean amount of news ...
A mood questionnaire has been established so that the scores form a normal distribution with μ = 50 and σ = 15. A psychologist would like to use this test to examine how the environment affects mood. A sample of N = 25 i ...
Every day your friend commutes to school on the subway at 9 AM. If the subway is on time, she will stop for a $3 coffee on the way to class. If the subway is delayed she skips the coffee and goes straight to class. The p ...
Pure gasoline has an energy density of 115,600 BTU per gallon, while ethanol has an energy density of 75,670 BTU per gallon. Gasoline cost $3.70 per gallon. What would the price of E85 (85% ethanol, 15% gasoline) have to ...
A banks loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50. If an applicant is randomly selected, find the probability of a rating that is bet ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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