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.Use supply & demand curves to explain what might happen in the market for bicycles if the price of gasoline increases.
Describe hidden unemployment and the effect it has on labour market data. How would an economist determine if there is hidden unemployment
Research and analyze the effects of the following government policies on the market equilibrium. Increases in the Minimum Wage
Determine what fiscal policy measure has a more direct impact to the economy. Is it an increase in government spending or an equal decrease in taxes
Define the equilibrium conditions for each model, and indicate how the equilibrium conditions differ in each model.
From the scenario for Katrina's Candies, examine the key factors affecting the demand for and the supply of a good in general
Analyze the principal-agent problem to determine how the relationship could be less adversarial. Provide support for your rationale.
Analyzing how the risk tolerance factors play in supplying the good or service and how this should influence management's decisions.
Assess the various forms of organizing and processing information to determine which is the most difficult to get correct. Explain your rationale
Evaluate the role institutions play in transactions and discuss the likely economic impact if institutions did not exist.
Determine the meaning, relevance, and importance for a manager interpreting the regression results.
From the e-Activity, analyze the elasticity of demand for products within the selected industry relevant to Katrina's Candies.
Evaluate the factors involved in making decisions about pricing tobacco products indicating which would be the most influential.
Provide an example when it would be appropriate to conduct a time-series or cross sectional data
Discuss the meaning of the regression coefficient of the independent variable(s) and how it could be used to estimate the elasticities
Analyze how markets work and make recommendations for or against any form of price control. Explain your rationale
Evaluate the impact of globalization on domestic governance. Identify and explicate at least three significant factors requiring domestic changes.
From the scenario for Katrina's Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques
Examine the manner in which the firm's decision to outsource offshore is impacted by foreign exchange.
From the e-Activity, develop a regression equation using the data you collected from your research.
Evaluate the relationship between the European Euro crisis in 2012 and the American economy.
From the e-Activity, discuss how the company you selected should increase its competitive stance in the marketplace
Determine how a perfectly competitive firm can maximize its profit by producing the output at which average cost is minimized
Illustrate with a diagram the market for apartments after the price ceiling is imposed and show on your diagram the excess demand in the market