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name, previously patented equivalent? Explain why the price of a brand-name drug typically declines when an equivalent generic drug becomes available?...
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Please use own words. Analysis of approaches to independence by Catalonia Spain? And how catalonia approaches the problem? And how government react
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Use economic theories and terminologies you learned to analyze and explain the questions . A single strong paragraph for each.
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assess how business leaders use managerial economics to make business decisions indicating how profits may be impacted.
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Each employer faces competitive weekly wages of $2,000 for whites and $1,400 for blacks. Suppose employers under-value the efforts/skills of blacks...
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Century National Bank Assume that you work in the Planning Department of the Century National Bank and report to Ms. Lamberg.
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Wage rate w= 10 Pocket money V= 10 from parents Max ln(C)+ln(L) subject to C= 10(15-L) +10 a) Solution? b) What if gov't increases minimum wage to 12?...
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figure 2 shows the demand for on campus student housing at the university of Idaho, in Moscow, Idaho. The college has 2,000 rooms for rent.
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Assume forex market equilibrium is given by i = ([1/E]-1)+0.10 where the two foreign return terms on the right are expected depreciation and the...
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You buy only apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write down the equation...
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What do we mean by the term ABSOLUTE ADVANTAGE? What about the term COMPARATIVE ADVANTAGE?
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discuss how you are affected by the Federal Reserve's monetary policies.
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Assume there are only 3 countries in the world: X, Y, and Z. In 2010, X ran a Current Account deficit of $10 billion while X ran a Current Account...
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A basic difference between microeconomics and macroeconomics is that microeconomic examines the choices made by individual participants in an
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Think of the last two major things you bought. Why did you buy them? What were your opportunity costs in making the purchase?
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For example, suppose the Fed were required to conduct monetary policy for holding the unemployment rate below 4%, the goal specified in the...
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Suppose the Fed were required to conduct monetary policy so as to hold the unemployment rate below 4%, the goal specified in the Humphrey-Hawkins...
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As the Chinese economy grows, car sales are rising exponentially.
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Seth could consume $120 next year if he saved all his current earnings. He expects to earn nothing next year. The intertemporal budget constraint for...
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Week 03 Discussion - U. Budget Deficit Visit the website of the Congressional Budget Office (http://www.gov) and find the U. Federal deficit...
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I need to submit a substantive, quality follow-up responses to my classmates' initial answers.
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Demand for a good is given by P=72. Supply is given by P=13. Find the equilibrium quantity (Q) 2. Demand for a good is given by P=22. The Supply...
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How Many Book Stores?
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Review the following scenario: You work for a formal organization in the United States that has an open, flexible organizational structure as...
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Consider the same short-term interest rates as in problem 4 above. If the yield on a discount bond that matures in 4 years is 9.
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Tesla. You've been hired by the president of Tesla to provide some economic analysis of responses to a recent fire in their electric car.
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Let us connect economic theory to actual events. Find an article in a recent newspaper or magazine illustrating a change that will affect national...
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Suppose the government sets a target price of $5 per bushel for any quantity supplied up to 1,000 bushels. How many bushels of corn are purchased by
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In the city of New York, plumbers have the option of joining a union or working as a non-union plumber. Suppose the total short-run supply of...
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7. If the reserve requirement (rr) is 0.2, the currency deposit ratio, C, is 0.05 and the excess reserve ratio (e) is 0.15, what is the money
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The potential output is $800 billion. The required reserves ratio is 5%. If the current real GDP is $740 billion, then the central bank would attempt...
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shows the interest rate on the vertical axis and the quamity of, l V- - ' in the level of real GDP will cause a movement from:
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"you are chairperson of a state commission responsible for establishing a program to raise new revenue throug excise taxes.
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What fundamental difference can you identify between the philosophies of Adam Smith and Karl Marx?
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Unlike a pure monopoly firm, a monopolistically competitive firm: produces a standardized good or service. makes a positive economic profit in the...
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"The growth of consumer information organizations, legal requirements, and warranty requirements has caused significant increases in the cost of...
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) Suppose Perry earns a wage of $18/hour, a $0/week endowment, and can set his own schedule.
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Answer the following questions using the aggregate expenditures model of the economy described below. C = 90 + .7Yd, T = 50 + .2Y, Ia = 36, Ga = 45,...
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Under perfect competition, where in the long run firms earn zero economic profit, do sellers have a preference of earning zero economic profit with
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Suppose there is a set of patients whose expected costs are uniformly distributed between $2000 and $7000and each of these patients is willing to pay...
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Which of the following is the underlying reason for the law of increasing opportunity cost?
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Identify and define three components of a country's balance of payments?
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Suppose the spot foreign exchange rate of the Canadian dollar is $US 1.53, while its 12-month forward rate is $US 1. One-year interest rates are 6%...
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Let's explore the business of Farmer Ted. The farmer has two fixed inputs that he owns:
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For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that
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The 1-year interest rates for the next five years are expected to be 4%, 3%, 6%, 5%, and 7%, respectively. The 3-year term premium is 1%. The 4-year...
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Describe the two basic strategies of unions in increasing wage rates for their members.
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If the Federal Reserve increases the money supply, then initially people want to sell bonds so the interest rate rises. sell bonds so the interest...
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A gasoline station very near a professional football stadium parks cars on its lot to make money on game days. Last year it charged $4.
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For a developing country to grow, it needs capital.
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