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"Mercantalism recommends that a country should limit its exports, so that more of the otherwise-exportable products are instead available for local consumption." Do you agree or disagree with this characterization of mercantilism's message? Explain.
Business Economics, Economics
The demand for salt is relatively price inelastic, while the demand for pretzels is relatively price elastic. How can you best explain why and elaborate your answer.
It is often argued that regulation is justified in cases where some form of market failure would otherwise cause an inefficient allocation of resources. Can someone help me identify possible sources of market failure tha ...
What are the key principles and tenets that any educated person should know regarding the science of economics and their applicability in the world today?
A light bulb manufacturer guarantees that the mean life of a certain type of light bulb is at least 720 hours. A random sample of 51 light bulbs as a mean of 710.3 hours with a standard deviation of 62 hours. At an α=0.0 ...
How might profit maximization lead to higher demand for female workers and result in female workers earning higher wages than male workers in the same firm?
Elmer's utility function is U(x, y) = min{x, y2}. If the price of x is $10 and the price of y is $15 and if Elmer chooses to consume 4 units of y, what must his income be? a. $220 b. $100 c. $320 d. There is not enough i ...
In random sampling, why is cluster sampling an example of probability sampling?
One hundred twenty-five marine recruits participated in a study to assess the benefits of a strength training program. Each recruit was given a push-up test at the beginning and end of the program. The change in number o ...
One study, based on responses from 1, 013 randomly selected teenagers, concluded that 43% of teenagers cite grades that their greatest source of pressure. Use a 0.05 significance level to test the claim that fewer than h ...
John plans to take three suits on his business trip. If John owns 8 suits, how many ways can the 3 suits be selected?
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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
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As