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Discuss how a price change for one good can affect demand for another. Please note, anytime you only have a price change for product X
Include the following points - 1. Advantages and disadvantages of the three types of economy. 2. Examples of countries which have each type of economic system.
"Which type of economic system is the best for business?" Include the following points - 1. Advantages and disadvantages of the three types of economy.
Explain graphically using changes in supply demand how technological progress can help explain the increasing gap in wages between low wage and high wage worker
Can you reconcile these figures with the Harrod-Domar Model? What might be the cause of the economy's poor performance?
What would be the effective rate of protection on bicycles in China if China places a 35 percent tariff on?bicycles, which have a world price of $220?,
Find an estimate of the economy's current state using GDP in 2022 (cite it). What does the data tell you about the US economy?
Problem: Could you please give some examples of what the U.S. government regularly does to fulfill allocation and redistribution functions?
Are the main criticisms of the GDP growth rate as a key measure of economic success? Identify (list) at least three alternative "indexes" of economic success.
What is currently happening with unemployment? Why? The article talks about the Fed watching unemployment and participation rates very closely. Why?
We studied three measures of wage dispersion and two measures of wage asymmetry in the chapter 10 labor economics. What are they?
Workers installed 2.5 windshields per day before performance pay. Did it take a little or a lot of extra effort to reach the "incentive zone"?
Question: What would be the effect of an increase in price of sweetener on equilibrium price and quantity of sugar?
Higher fixed costs may cause a firm to exit the market in the long run but will not otherwise affect its production and pricing decisions.
How does the current unemployment rate in Rhode Island compare to the one in New Hampshire? What are the reasons for the difference in the unemployment rates
the news media claimed that we entered a recession in December 2007. Based on the data, is this claim correct per an economic definition of a recession?
Suppose that households in India produce more goods and services at home than households in the U.S. How would this affect any comparisons of GDP
Problem: Bankers make loans in the Nominal Interest Rate, so why do bankers care so much about the Real Interest Rate?
What is the opportunity cost of investing in capital? Do you think a country can "overinvest" in capital? What is opportunity cost of investing in human capital
In the foreign exchange market, outline how debits and credits in the balance of payments affect the supply and demand of a currency?
When firms give away "freebies" like free apps, free checking accounts, free maps, or free toothbrushes, they are contradicting economists' contention
Describe the rational underlying each of your estimates. Gasoline prices after an announcement of a reduction in OPEC production
Suppose a firm's average cost curve is described by the equation AC = 2q2 - 16q + 90. At what output level does the marginal cost curve cross average cost curve
go ahead and look for the GDP for each state in the U.S. Pick a State in the U.S. and explain how that state compares in GDP to a country in the world list.
Explain why greater Trade results in productive economies? Draw a PPC, with tools on the horizontal axis. Draw a new PPC, that reflects this new technology.