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During the recession of 2007-2009, the U.S. economy was experiencing a decrease in home prices and consumer wealth, a credit crisis in the financial markets, and declining consumer and business confidence. What components of aggregate demand were affected and what was the impact on real output? What were the policy options?
What price will the firm charge in each market? Based solely on these two prices, which market has the higher price elasticity of demand? What will be this monopolist's total economic profit?
Emerging Markets Project. Select an emerging market that you would like to learn more about (Not your country of origin). Start by compiling fundamental country data, then do additional research to flesh out the nature of the market opportunity offer..
Which of the following would cause a movement along the demand curve that is a change in the quantity demanded of donuts. Which of the following would cause a shift of the demand curve for donuts? Check all that apply
Why did the rice price scheme exist and what was the outcome? Reasons for continued support? Winners and losers from the policy? Describe economic rent and how it is determined. What are alternative methods to support the rice farmers?
The current payroll tax is 7.65% on both employers and employees (as of 2013). Who do you think bears the economic burden of this payroll tax—firms or workers? Why? Using the tax incidence approach, support your answers using economic principles.
Discuss the idea of DRG-based prospective payment mechanism for hospitals. Discuss the potential effects of DRG payment on quantity of services produced by the hospitals, composition of different types of services offered, incentives for adoption of ..
In a monopoly, the seller has all the market power. What does that imply about the demand and supply curve that the monopolist faces? In perfect competition P(Q)=AR=MR. Under what circumstances will a monopolist also have a demand curve that overlaps..
Read "Simon Bolivar on Government in Latin America" (20-1a). In his Jamaica Letter, Simon Bolivar argues that the political and social circumstances of Latin American independece are unique. What does he mean by that? Is he convincing in his claim? W..
Elucidate the likely impact of this event on the market for gasoline and the market for small cars.
Assume a company has $200 in fixed costs, marginal costs are $10, and the company produces 100 units per year. How low can the price go before it is preferred to shut down? Answer the question for the short run and for the long run
What are the benefits and drawbacks of having a health program that varies by state versus having one that is uniform across the country? Do you find that the positives of state flexibility outweigh the negative or vice versa? Is it fair that similar..
In a paragraph or less, provide a brief description of the industry that you have selected to include at least the following:
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