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What effect on the price elasticity of demand for commuter rail is there probable to be from a decrease in the price of gasoline? Explain.
Microeconomics, Economics
Let's see if we can formulate any real laws about the economics of taxation. Which of the following must be TRUE, as long as supply and demand curves have their normal shape (demand curves are downward sloping while supp ...
Question: a. Find the Nash equilibrium (and also explain how you come up with this equilibrium) b. Explain the implication of this equilibrium with regard to its stability and its role as an efficient allocator of resour ...
Question: In 1998 the Bank of Japan reduced the short-term interest rate to zero, yet the economy did not rally but remained in recession. Why did monetary policy fail to work? What else do you think the Bank of Japan co ...
Question: Corporate officers and directors owe fiduciary duties to the corporation. What is a fiduciary relationship? Identify at least two of the fiduciary duties and provide an example of each. The response must be typ ...
Question: Consider an air basin with only two consumer, Huck and Matilda. Suppose Huck's demand for air quality is given by q_h=1-p where p is Huck's marginal willingness to pay for air quality. Similarly, Matilda's dema ...
Question: In 1999 Brazil was forced to devalue the real by almost 50%, and in 2002 Argentina was forced to devalue the peso by almost 50%. According to the static model, that would boost net exports and raise GDP. Howeve ...
With reference to economic scholars and theories, evaluate the various criteria of social welfare maximisation.
Question: For all of their diversity, many less developed countries are linked by a range of common problems. What are these problems? State only FOUR (4) characteristics of the developing world. Which do you think are t ...
Question: Using Exercise, sketch the effects in parts (a) and (b) on a single supply and demand diagram. What prediction would you make about how the improved information alters the equilibrium quantity and price? Exerci ...
Question: There has been a marked decline in unionization. A. describe 3 strategies unions have used to stem the decline in their membership. B. Explain and show graphically why an efficient contract requires the union t ...
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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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