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What is the difference between accounting and economic profit? Explain why is it appropriate for entrepreneurs to use economic profit when deciding whether or not to start a business or stay in business.
Microeconomics, Economics
Question: Analyze the various factors contributing to poverty and determine which single factor plays the most significant role. Provide a specific example to support your response. Discuss how developed nations contribu ...
Question: Suppose that the government cuts taxes in response to a recessionary gap, but because of legislative delays the tax cut is not put in place for 18 months. Assuming that the government's objective is to stabiliz ...
Question: Describe a situation in which you were highly motivated to do well. What motivated you? Why? How did you perform? (select an example from work if you can otherwise use situation from school or a team you were o ...
Question: Teaming Across Distance and Culture 1. Brainstorm some ways to "redesign" your office space (or an office space you have previously worked in) on paper using virtual or flexible space, or flexible furniture. Ho ...
Question: Perhaps surprisingly, field experiments have shown that strangers who encounter one another on the street (e.g., to ask directions) are friendlier around 4 a.m. than in similar encounters that take place during ...
Question: Suppose the federal government decides to levy a sales tax of $1.00 per pie on pizza. Briefly explain whether you agree with the following statement, made by a representative of the pizza industry: The pizza in ...
Question: Consider the market for education. (1) Why might education exhibit positive externalities? (2) Describe a government policy to internalize the positive externality of education. Show the effect of the policy in ...
Question: Currently 1 U.S. Dollar is equal to 64 Russian Rubles. The interest rate of the Russian Central Bank is 10%, and the interest rate of the US central bank (FED) is 0.25%. a. According to the interest parity cond ...
Question: Consumer Reports has hired you to study gas mileage obtained by the new Federico Fellini Fuel-Efficient Ferrari. Specifically, you are asked to test the manufacturer's claim that, on aver-age, the car travels 3 ...
Question: The following information is to be used for the calculation of the unemployment rate: Suppose there are two major groups, adults and teenagers, with adults divided into men and women. Teenagers account for 10% ...
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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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