Goldin (2001) gives the U.S. investment in public education credit for boosting the U.S. labor force participation rates and helping the U.S. economy develop
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Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for coffee. What happens in this market if buyers expect the price of coffee to rise?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
The coupon equivalent yield on a three-month Treasury bill that has a $1,000 face value and a purchase price of $985 is
A) 6.1 percent. B) 6.5 percent. C) 7.2 percent. D) 1.5 percent.
There are two closely related crops, X and Y, with the following demand functions QX = 180 - 2PX + PY and QY = 150 + PX - PY where QX is the quantity of X, PX is the price of X, QY is the quantity of Y, and PY is the price of Y
These two crops are grown in two widely separated countries so there is no interrelationship between the supply curves. The short-run perfectly inelastic supply for X is 200 while the short-run perfectly inelastic supply for Y is 100. In equilibrium, the prices are A) PX = 30, PY = 80 B) PX = 40, PY = 60 C) PX = 60, PY = 120 D) PX = 80, PY = 130
Aggregate concentration can be interesting political effects more than for economic effects
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