Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q1. Explain why each of the following statements is True, False, or Uncertain according to economic principles.Suppose the economy is currently operating with a recessionary gap. If the government does nothing with regard to discretionary policy changes, national income will never recover to its potential level.
Q2. In 1947, real GDP (2005 base) in the US was 1852.7b, the GDP deflator was 13.753, and M2 was $146b. In 2012, real GDP was 13591.1b, the GDP deflator was 115.378, and M2 was $10003.4b. How well does the quantity theory with constant velocity accurately predict the annual inflation rate over this period? What would the annual percentage change in velocity have to be on average for the quantity theory to hold?
Distinguish between the resources market and the product market in the circular flow model.
Show graphically the effect on the supply and demand for Bonds in a deflationary period.
Why would we expect that the price elasticity of demand for the product of an individual firm would typically be greater than the price elasticity of demand for the product overall.
The cost leadership approach implicates competing by having a lower cost than one's competitors
Consumers buy from the lowest price firm, and the highest price firm sells nothing. If the firms pick the same price, they split the market demand equally.
Suppose that the market for wheat is characterized by the following demand and supply relationships.
Each customer purchases their smoothie at the store where the total cost, i.e. price of smoothie plus travel cost, is the lowest.
Consider that, in this case, we 1st add (marginal) costs, not quantities, since these are the costs associated with each t-shirt.
Suppose a duopoly and let demand be specified by P=A-BQ. In accumulation both firms have same marginal cost c. Interaction between the two firms will be frequent infinite.
Select the most serious disadvantage of globalization (in your opinion) and make at least one recommendation
Assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd