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Question: List five key characteristics that you think are shared by most less-developed economies (not just "low income," which is obvious, but things like "low level of education," etc.).
Microeconomics, Economics
Question: Consumption in the U.S. burst upward for a period of time immediately after the election of Bill Clinton to the Presidency, despite no major changes in disposable income. Explain what could have caused this eve ...
Question: In the 1930s the movie industry operated under a studio system, in which a performer signed with a single studio for some period and promised to appear in a certain number of movies. What might have led to the ...
Question: Vietnam and Columbia both produce coffee. Vietnam's currency is called the Dong (VND) and Columbia's currency is called the peso (COP). In Vietnam, coffee sells for 5,000 VND per pound of coffee. The exchange r ...
Question: You see a bicycle on special sale for $300. After thinking it over you decide you are unwilling to pay that much and walk away. Just before you go you turn the price tag over and see that it was originally sell ...
Question: A large video program and internet provider has seen a 10% annual rate of subscriber growth over the past three years. The growth rate has been spurred by a marketing department that typically has three or four ...
Question: In his 1964 presidential campaign, Barry Goldwater argued that a reduction in both government spending and taxes would boost economic growth. His views were disparaged by most economists and he was overwhelming ...
Question: Malloy Inc. has completed research on a method to improve integrated circuit fabrication technology. A study of this technology suggests that it will save $50,000 at the end of the third year. If the interest r ...
Question: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income received by each quintile of ...
Question: (1) Can it ever be the case that third degree price discrimination increases social welfare? If so, present an example to illustrate. If not, explain why. (2) Use the context of the durable goods monopoly probl ...
Question: A French monopoly sells its good in France where the elasticity of demand is -2.5 , and in Germany where the elasticity of demand is -1.5. Its marginal cost is $ 30 . At what price does the monopoly sell its go ...
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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