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The analyst’s assertions might be correct but only under particular circumstances. What are these circumstances? Explain.
Pharmaceutical drugs have the inelastic demand, and computers have the elastic demand. Assume that technological advance doubles the supply of both products (i.e., the quantity supplied at each pric
Describe whether the evidence above recommends whether the dollar is appreciating or depreciating relative to Euro. What is your conclusion? Describe how you come to that conclusion.
These policies will confine private, business investment spending given their impact on credit and interest rates, thus limiting prospect long-term economic growth.
Use your diagrams in (a) and (b) to examine and demonstrate graphically the change in work incentive facing workers who were working overtime (more than eight hours) before this new law. You might u
Sketch the new constraint. Illustrate the likely consequences on labour force participation and hours of work.
Use economic theory to illustrate the likely mechanism provided by the labour market to learn the local language.
Japan has traditionally had the employment system typified by a “lifetime” employment relationship between employee and employer and salaries which are based on length of service with th
An economic study has found that men who are judged to be “ugly” have earnings which are 9% less than their “average-looking” peers with the same age, occupation, and educati
Do you think such firms would welcome congressional legislation which restricted the amount that any one firm could spend on advertising to $1 million annually and thereby allowed them all to decrea
Sketch a production possibilities curve based on Table 1.1., labelling combinations A-F. What is opportunity cost of raising missile production?
The airline has average of 40 passengers paying an average of $200 for this flight. Do you believe the airline must be flying between the two cities? Assess from the short-run and long-run per
If the economy is at point C, what is cost of one more automobile? Of one more forklift? Illustrate how the production possibilities curve reflects the law of increasing opportunity costs.
Propose different policy options which can alleviate the inefficiencies and/or externalities identified in inefficiencies and/or externalities take place in each renewable resource case that interfe
Field discusses the major threats to the sustainable management of the forests and agricultural resources. First recapitulate these threats. Then,
Reflecting back on what you learned regarding sustainable management practices during this quarter; determine five (5) activities which describe sustainable management of resources which you pursue
The following table depicts the hours per week supplied to a specific market by three (3) individuals at different wage rates. Evaluate the total hours per week (QT) supplied to market.
Now imagine that G rises to 1,250. Evaluate private saving, national saving, and public income.
In brief illustrate the meaning of “the full-crowding out” and “the neutrality of money” in Classical model. What do they imply about the effectiveness of government policies
Suppose the government cuts its buys by $120 billion. As a result, the budget deficit is diminishes by $40 billion, private domestic saving reduces by $10 billion, disposable personal income reduces
Imagine that the economy starts at equilibrium and the MPC = 0.75. What would be the consequence of a $300 raise in government spending once all the rounds of multiplier process are complete?
Answer following questions with the using Department of Labour, Bureau of Labour and Department of Commerce analysis of GDP at: www.doc.gov. The Federal Reserve at: www.federalreserve.gov.
If inflation is not anticipated to change from its current level for foreseeable future, would you anticipate seeing a normal or an inverted yield curve for the series of bonds issued by the stable
Compute the dead weight loss from having the monopolist produce, rather than the perfect competitor.
If the firm is unfettered, what output and price would maximize its profit? What would be its profit or loss?