Question: The Gizmo Company is planning to develop new household gadgets. Table 13.5 shows the company's demand for financial capital for research and development of these gadgets, based on expected rates of return from ...
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Question: Describe the Learned Hand Rule, and discuss the economic logic underlying it. Do you believe the objective is being achieved? The response must be typed, single spaced, must be in times new roman font (size 12) ...
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Question: 1. a. What is meant by scarcity of resources? b. If there is no scarcity, then economics ceases to exist? Do you agree or disagree? If yes, explain. If no, explain. After reading the headline of chapter 1 - Amc ...
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Question: On March 4, 1990, the New York Times reported "Wine Equation Puts Some Noses Out of Joint." In this problem you will estimate an equation that predicts the quality of wine. Typically wine is rated long before i ...
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Question: India and China have roughly the same size population, and although per capita GDP in China is probably somewhat larger, the difference is not very great. Labor costs are lower in India than in China, and in sp ...
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Question: Suppose you are a supply-side economist who is an advisor to the president. If the economy is in recession, what would your fiscal policy prescription be? The response must be typed, single spaced, must be in t ...
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Question: What were the fiscal policies from 2000-2010 and how were they related to macroeconomics? What were the fiscal policy actions and how did it impact the economy through the decade? The response must be typed, si ...
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Question: From late 1998 to mid-2000, benchmark crude oil prices tripled, from $10 to $30/bbl. The US uses approximately 18 million barrels of oil per day, or about 7 billion barrels per year, so consumers directly and i ...
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Question: The prisoners' dilemma provides insight into much more than price-fixing, as the next three questions indicate.53 a. People often complain that conversations at cocktail parties (where there is no music) are so ...
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Question: The C$ declined an average of more than 3% per year relative to the US$ during the 1990s, yet the inflation rate in Canada was almost 1% lower. Also, Canada has a positive trade balance, compared to the huge US ...
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