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Between 1992 and 2002, the University of California's stock market holdings underperformed market averages. Identify the economic error in their reasoning.
What sorts of heuristics do people use to avoid the difficulties of choosing among so many vegetables when they shop?
Surprisingly, in both rich and poor neighborhoods street crime falls during those hours. Are people acting rationally when they are friendlier at these hours?
Why would the producers not allow losers to make themselves better off when there is no extra cost to them of allowing it?
Why Can you find evidence that your mistakes may have resulted from your use of an availability heuristic?
How does the existence of money reduce the costs of making transactions, relative to a society based entirely on barter?
Why does Longo use salespeople instead of price tags? Why not just offer cars at a fixed discount under the sticker price?
Explain the Comparative Advantage Theory and how Countries can benefitfrom international trade. What type of economic policy does this theory call for?
If he initially has all is land growing apples, what would be the opportunity cost of growing an orange tree?
Assume that, when run efficiently, each store's maximum daily profits are $25,000. Outline the arguments that support your proposed plan.
Consider an income tax and a head tax, the sizes of which have been set so that the government collects the same amount. Which tax does the consumer prefer?
How would you use data from the foreign exchange market to decide between these two hypotheses?
Is Lobo using the lowest-cost combination of workers to produce its targeted output? If not, what recommendations can you make to assist the company?
What three reasons would you give to Steven as to why another form is best for you both?
How do you think the introduction of this new technology affects the amount of currency in the economy? How about the about of checking account deposits?
Which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more.
Discuss how the following changes would affect the natural (or frictional) rate of unemployment.
Provide the best opportunity for comparative advantage, certain countries are able to specialize in technology, labor, or other comparative advantage.
Identify the most important strength, weakness, opportunity, and threat for each country's long-term petroleum products industry outlook in your view.
The catch-phrase of the EITC is Make work pay. To what extent does the EITC achieve its goal of encouraging work among low-income individuals?
Interest rate based on LIBOR, fixed during the three months. What is the gap between WUB's rate-sensitive assets and liabilities at 4 months maturity?
A producer wishes to determine how the addition of pounds of plastic will affect its MRP and profits. See the table below, and answer each of the questions.
How does an economy's choice about how many of its resources to devote to capital goods production as compared to consumer goods production affect.
It costs a company $35,000 to produce 700 graphing calculators. The company's cost will be $35,070. What is the company's average cost?
An investment of $5000 in Biotech common stock proved to be very profitable. What was the rate of return on the investment?