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Analyze the key issues within the context of the theory presented in your course. Develop and compare alternative solutions to the problems.
Suppose Adam can type 10 reports or look after 2 patients in an hour. Jenny can type 12 reports. What is Adam's opportunity cost of looking after 1 patient?
What is the average total cost incurred by the firm at that quantity? What is the average variable cost incurred by the firm at that quantity?
What steps must the central bank take to eliminate the problem? In your answer you must mention all four tools of Monetary Policy.
What is weak vs. strong sustainability? Can you give examples? What is the connection between neoliberalism and climate crisis? How are the two related?
When Mike took out his first two-year membership with a pool in 2012, the fee was $600. What is the overall rate of inflation for Mike's pool membership?
What is wrong with the way we price fossil fuel production and consumption today? Is it an equilibrium price in the sense we teach economics?
What explains high unemployment rates in Europe? Discuss different approaches. Did globalization undermine American workers?
Define mathematically a Relation and a Function. Discuss what factor makes it interesting to study a Function.
What is the probability that the pegged exchange rate would break if uncovered interest rate parity holds?
Jana withdraws $1,200 in cash from her checking account. What will be the change in the money supply as a result of Jana's withdrawal?
Discuss the effects of this maneuver with regards to inflation, unemployment, GDP, and the housing market in the short term.
Based on parts C and D, does trade based on comparative advantage benefit or hurt the United States and South Korea?
Your friend: Do you have comfortable ski boots? You: Yes, drop or tap I just bought. Your friend: And, have you brought the gloves?
Monetary policy and open market operations. What are the tools available to a central bank for monetary policy? Definition and explanations.
Define the concept of heirarchy, how does is heirarchy seen in society and how does it operate? How does Heararchy affect your personal life?
How does the economy adjust back to long-run equilibrium? Briefly explain (either with a AD-AS diagram or without a diagram).
The Bureau of Labor Statistics counts as employed people who work part-time. How the unemployment rate and the labor force participation rate would change.
What did you know about credit cards? Why do you think people have more than one credit card? How you might use credit cards in the future? Explain.
Calculate the short-run output when real interest rate rises to 5%. Calculate the short-run output when real interest rate goes to 0.
Submit a summary of business news story that relates to this course. Discuss which economic principle or model the news story refers to directly or indirectly.
There are two schools of thought on how to manage the economy. Restore the economy that is in a recession. Identify the challenges that may be encountered.
How does the understanding of Emotional Intelligence help us in organizational communication network and in planning for negotiations with external entities?
What kind of possible arbitrage might occur if sweater sells for £28 in London? What kind of possible arbitrage might occur if sweater sells for £35 in London?
What are the differences between the real exchange rate and nominal exchange rate? Write out the expression/equation for the real exchange rate.