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What are the three main aggregate supply factors that determine a nation's potential (or full-employment) level of real output?
What will the equilibrium interest rate and quantity of loans be? Find the long run equilibrium price level and equilibrium real GDP.
When was the Federal Reserve created and for what purpose? How does the Federal Reserve manipulate our economy to foster economic growth?
What function does money play for Dash, Crunch, and Bolt? Explain why Johnny's money is or is not part of the M1,and/or M2 money supply.
Graph the museum's average total cost curve and its marginal-cost curve. What kind of market would describe the museum?
What are the different phases that a Drug Company goes through in order to bring a new drug product to market in the U.S. and Europe?
Chris Kolbe is a master of change. Now president of Orig-inal Penguin. In what respects does Original Penguin represent a cul-tural change for Perry Ellis?
What were the economic circumstances that underlie the slave plantation? What were the economic and material conditions of slavery?
What tariff policy is in place for automobile manufacturers? Compare the automobile industry to the two industries you chose to research.
What would be some recommendations for MNCs operating in less developed countries (LDC) to promote a mutually beneficial, long-term, constructive relationship.
Which countries are experiencing a cost push inflation? You may need to complete additional research to determine the inflation type for each country.
Find GDP numbers for the U.S. China, India, and Turkey. What accounted for change in spending in four components to GDP in U.S. economy for the past 40 years?
Do some research on Milton Friedman and Monetarism. Where do Monetarists and the Federal Reserve agree, and where do they disagree?
Analyze why demand is more elastic in the long run than in the short run. Explain how a demand curve can be derived using utility theory.
Why is exclusive reliance on the negative income tax unlikely to constitute a long term solution to the poverty problem?
Review the Federal Reserve Board website. Identify at least five key pieces of data you would use in microeconomic decision making on the Web site.
The Nile.com wants to increase its total revenue. Using the midpoint method, calculate the price elasticity of demand for Group A and Group B.
What will happen to the number of motors produced by Galt Inc.? Indicate the "before" and "after" levels of output on the x-axis in the figure above.
How would you explain to a friend why the optimal amount of freeway congestion is not zero? Explain why used cars offered for sale are different?
Why is it so difficult for a cartel to enforce a non price cutting agreement? Explain why a military arms race is an example of a prisoner's dilemma?
Explain how each of these elements can affect the PPF curve? What happens to all other goods and resources while we compare the two etc?
What is at least one alternative to the current government intervention to resolve the market failure?
Write a memo to Tie, the founder of Top Shelf Shoes, that explains how one-off products or programs, such as the Green Shoe or a shoe-recycling program.
What are examples of firms in an oligopolistic market that abuse their power? Explain how they abuse their power and describe the impact on consumers.
Explain the difference between a monopoly and an oligopoly, and a cartel.