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How does the FDA face the problem of scarcity?
Do you think that the FDA is making good choices in the face of scarcity?
Explain the trade-off that the FDA faces.
Microeconomics, Economics
Question: If a bank has reserves of $35 million and demand deposits of $300 million, how much are the bank's (a) required reserves? (b) excess reserves? The response must be typed, single spaced, must be in times new rom ...
Question: Following the first energy shock in 1973, when oil prices rose $10/bbl, the rate of inflation averaged 8% for the next five years. Following the second energy shock in 1979, when oil prices rose more than $20/b ...
Question: Assume an economy with 100 identical consumers. In the current period each consumer receives 16 units and pays taxes of 6 units, while in the future, each receives income of 20 units and pays taxes of 9.50 unit ...
Question: If the government decides to tax the consumption of cigarettes, (suppose there was not one on the market before) what will happen in the market for cigarettes? (Notice: This is a tax on CONSUMPTION not producti ...
Question: Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all ...
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 ...
What would be 3 effects associated with changes in productivity, good and bad? Can the government affect productivity, if so in what ways good and what ways not so good?
Question: Jones and Smith have a contract that will produce $100 in benefits for each of them if they both carry out their duties under it. If Jones breaches the contract, he will create $140 in benefits for himself, and ...
Question - A collectivity consists of three persons, A, B, C. Demand for some collectively provided service, x, being for person A, P = 40/x; for person B, P = 20/x; and for person C, p = 10/x. The marginal cost is 10. ( ...
Question - What is slavery? Explain how and why slavery developed in the American colonies. Why couldn't colonists use indentured servants as they had in the past? How would you describe the differences between slaves an ...
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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