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1. Select a good that you are familiar with. What are the factors that shift the demand curve for this good? What are the factors that shift the supply curve for this good? How do you expect the supply and demand of your selected good to change in the next year? Relate your expectation to price and quantity.
2. Is GDP a good measure of economic well-being? Why or why not?
3. What causes inflation? Discuss the impact of inflation on American families.
4. Are US trade policies harmful or good for the US economy? Why or why not?
5. We experienced the use of fiscal and monetary policies during the recession of 2008. In your opinion, were these policies successful? Why or why not?
peter higgins is a sales agent for xzy company. he has an effort cost function of c e2 and a reservation wage of 1500.
a calculate the marginal and average tax rates at the following income
1.what do you understand by the following terms? explain using formulae diagrams and examples. what are the
.Most people are consumers, making demand decisions in product markets, and also workers, making supply decisions in resource markets. How do workers choose how much of their labor service they are willing to sell Is the quantity supplied likely t..
Hospital administrators sometimes complain about a "shortage" of nurses. The shortage is the result of a higher wages that occur in the competitive market and could be eliminated if nurses earn wages closer to their MRC.
Assume that the Keynesian short run aggregate supply curve is applicable to a country's economy. Construct appropriate diagrams to assist in answering the following questions:
exchange economy 1. suppose that in a simple two-good exchange economy the two individuals a and b have the following
item x is a standard item stocked in a companys inventory of component parts. each year the firm on a random basis uses
newspaper vending machines are designed so that once you have paid for one paper you have access to all the papers in
list at least four sources of growth in the economy along with two examples of each source. explain what it contains
What is the equilibrium price and equilibrium quantity of bicycles in Wheelerville? Calculate the value of consumer surplus, producer surplus, and total surplus in this market.
a countrys culture reflects and shapes its values and each country adopts laws that reflect their prevailing ethical
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