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In theory, "Geffen good" is a good for which demand curve is upward-sloping, which violates law of demand. Give at least one example as a Geffen good and describe briefly why the demand cur
Many people enjoy excitement of working and living in a foreign country, but many others do not want to work in a foreign country, particularly if an assignment is apparent to be very long term or p
Explain the policies you would recommend to the President of the United States to create more jobs and to stimulate economic growth. Examine the impact these policies would have on job creation and
Discuss why is Fed finally considering starting to raise the interest rates now, given that they have held short term rates as low as possible (<.25% per year for low risk short term financial in
Assume that Federal Government announced a tax rebate of $500 for all the individuals filing singly and $1000 for all families filing jointly or as head of household in upcoming tax year.
Discuss how does this transaction affect M1 and M2 and M3? Betty sells 1000 shares of her money mutual funds and makes a deposit in her checking accounts.
If the income elasticity of a product is 3.3 and the amount of the units sold decreased by 9% then discuss how much did wages increase or decrease and by what percent?
An electronics firm invested $60,000 in a precision inspection device. It cost $4000 to operate and maintain in first year and $3000 in each later year. At the end of four years, the firm changed th
Discuss in detail, how the firms in a perfectly competitive market will respond to long-run profits and losses. Include an explanation of each response affects the price level.
In 2014 in a country with a labor force of 100 million, 6 million people were unemployed. In 2014 number of unemployed people increased to 7.750 million.
Explain the marginal revenue product (MRPL ) and marginal cost (MCL ) of labor. Describe why the condition MRPL = MCL is necessary for profit maximization.
Demonstrate how each of the following events would shift the AS schedule and the potential RGDP, thereby the altering equilibrium prices and the output levels in the economy.
When demand changes and when quantity demanded? Explain the difference? Bring an example and discuss which demand determinant you are talking about?
A 30-year mortgage for $220000 has monthly payments at a 6% nominal annual rate. If a borrower's loan origination fee is 3% and it is added to the initial balance, determine the true effective cost
Assume you plan to purchase a Ford Mustang and require a car finance of $12,000. You take the loan from the K-State Credit Union at 3.5% interest rate. Determine the yearly payment to the b
An investment pays $2,100 per year for first three years, $4,200 per year for the next 8 years, and $6,300 per year the following 12 years.
Assume the cross-price elasticity of demand among the goods X and Y is -4. Discuss how much would the price of good Y have to change in order to change the consumption of
Determine the effective annual interest rate paid by ABC Corporation if a 1.5% fee is deducted by the brokerage firm from the initial $1000?
A bond has a face value of $17,492; it will mature in five years. The bond coupon rate is 1.50%; there are 11 premium payments per year. If bond is purchased for 96.99% of its face value and later
Suppose you have just inherited $100,000 from your rich Uncle Sam. Being the conservative sort, you rush to your local bank and deposit entire windfall. The reserve requirement is currently 10 perce
When an automaker begins offering the low cost financing or the rebates, others tend to do the same. Discuss what two oligopoly models might offer an explanation of this behavior?
Explain the extent of economic integration, the specifically mentioning the country's membership within the regional trade agreements and the benefits they bring to country.
Suppose you have just met with your financial adviser and set up a plan for you to pay for your firstborn's college education and you save $2,500 at the end of the first year, and you increase the a
Estimate this argument for a trade barrier: "The U.S. needs protection from cheap foreign labor." Include some reasons why this might be an invalid statement. Please do not copy and paste f
Assume that two consumers care only about the goods that they own. (The goods are private for them.) Starting from a competitive equilibrium allocation, is it possible for both consumers to be made