Buying a home compared to renting.

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For many Americans, buying a home is a goal. But it is also expensive compared to renting. Explain some of the advantages and disadvantages of buying a home compared to renting. What are some of the key issues a first-time homebuyer should consider? Additionally, describe a housing-related goal that you may have for yourself. What […]

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Managing the Different Market Structures

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Explain, how or why the commodity (say bottled water) market can be considered as a good example of perfect competitive market?Also, explain why is the long run market supply curve horizontal in long run in this kind of market?How does a competitive firm determine the quantity that maximizes profit?When might a competitive firm shutdown in […]

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Gross Domestic Product

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Question/Prompt: “GDP measures the market value of the goods and services a nation produces. Unpaid work that people do for themselves and their families isn’t traded in the marketplace, so there are no transactions to track. Surveys asking people how they spend their time can be used to estimate household production. But the United States […]

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Scientific merit

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Imagine you are in a fast-food restaurant where a lady tells you that she had heard there was a gene for liking or hating the taste of cilantro. You looked on the Internet to investigate this statement, and although you found similar comments on reputable websites, you are yet to find any scientific studies supporting […]

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