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What is the difference between Adaptive and Rational expectations?
Greece, Portugal, Ireland and Spain are all members of the European Union. All have gotten themselves into sovereign debt trouble (the government can’t pay its debts). Greece recently received a bail-out package from the EU after months of drama. Spa..
Assume that over the last twenty-five years a country's nominal GDP grew to three times its former size.
Wedding Dresses Stores that sell wedding dresses do not typically permit photos, and do not have tags in the dresses that would identify the manufacturer and style type. What is the purpose of these rules? Suggest one other way of accomplishing the s..
Suppose a firm faces the inverse demand curve P = 100 – Q. Marginal cost is constant at $10. Calculate producer surplus and the deadweight loss under monopoly pricing.
Do you think perfect indexing is possible? Why or why not?
The production possibilities curve shows the:
Complete the final column of the table by computing the dollar price of a Big Mac for the countries where this amount is not given. Note: Round your answers to the nearest cent.
The mayor of new monopoly realizes that the congestion at the port cost the shipping companies and his town money. Which decision would not move him towards a command economy?
Determine the equilibrium price and quantity in this market.
Ponder this immigration reform: US citizens are given the right to sell their citizenship to whomever they choose at whatever price they can get. Someone who has sold her US citizenship is no longer permitted to remain in the US without an appropriat..
The concept of opportunity cost is an important one in economics. It is essential to understand the distinction between explicit and implicit costs. For this assignment, consider an event at work that you company is considering doing, such as a new p..
Use the supply and demand diagram to explain the impact on at least two other markets affected by the butter shortage and where the equilibrium outcomes
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