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Macroeconomics

Do you believe that there are certain common characteristics or traits of American managers that have led to moral or ethical decline in US business over recent years and thus business scandals?

Do you believe that there are certain common characteristics or traits of American managers that have led to moral or ethical decline in US business over recent years and thus business scandals? If so, what are these characteristics and why do you think they are prevalent in US business and not other countries' business culture

Open economy help

Question states: Assume the economy is open given: X=$125 million IM-$80 million Sgovernment= -200 million I=350 million calculate Sprivate

Monoploy and Monopolistic Competition

If the Rhine Company ignores the possibility that other firms may enter its market, it should set a price of $10,000 for its product, which is a power tool. But, if it does so, other firms will begin to enter the market. During the next two years, it will earn $4 million per year, but in the following the next two years, it wi

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Please help to solve.

Gross Federal Debt

Is it possible for the gross federal debt to rise in dollar terms but decline as a percentage of GDP? Explain. I read that it can, and that it is due to an expanding economy, inflation, businesses and households borrowing $ to buy plants/equipment and homes/consumables, however I do not understand how these reasons are relate

Income Elasticity for Staple Foods

The income elasticity for most staple foods, such as wheat, is known to be between zero and one. a. As incomes rise over time, what will happen to the demand for wheat? b. What will happen to the quantity of wheat purchased by consumers? c. What will happen to the percentage of their budgets that consumers spend on wheat?

MR

When a firm is able to set its price, its price will always be less than its MR. Is this true or false and why??

Underinvestment in Education

"Why is it likely that in a system of private education (i.e., a system in which individuals pay for their own education) there will be underinvestment in education? *Remember, education, likes yard work, provides additional social benefit to the society."

The demand for a shake at a Juice Shop can be described by the equation

The demand for a shake at a Juice Shop can be described by the equation: Q= 1000- 240P + 80N, where Q denotes the number of shakes sold per day, P is the shakes price and N is the price of a shake at a nearby cafe. a. How many shakes will be sold if P=$1.50 and N= $1.20? b. Write down the equation for the firm's demand curve f

Calculate the Real GDP in Each Year

Calculate the real GDP in each year, assuming that the nominal GDP was $559 billion in the base year, $577 billion in year one, and $605 billion in year two; and that the price index rose from 100 to 104.5 in the first year, and up to 108.3 in the second year. If the price index 20 years before the base year was 41.2, and the no

Forecasting

Among the advantages of the _____________ technique of forecasting are ease of calculation, relatively little requirement for analytical skills, and the ability to provide the analyst with information regarding the statistical significance of results and the size of statistical errors. least-squares trend analysis

Tying arrangement

A tying arrangement exists when a. a company sells two products that are substitutes for one another. b. a company requires that a customer tie itself down by signing a long-term purchasing agreement. c. a buyer is required to buy both a specific product and its complementary product from the same supplier. d. a company

Adverse Selection versus Moral Hazard Incentive Problem

WHich of the following is an example of an adverse selection problem and which is a moral hazard incentive problem? In each case, give one method that the restaurant might use to reduce the problem 1) A restaurant decided to offer an all-you-can-eat buffet that is sold for a fixed price. The restaurant discovers that the cust

Goods and services

Which of the following is an example of how the question of "what goods and services to produce?" is answered by the command process? government subsidies for affordable housing laws regarding equal opportunity in employment government allowance for the deduction of interest payments on private mortgag