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When an economist says that a currency has become stronger, he or she means that
a) it will buy less of foreign goods.
b)it can be exchanged for more of a foreign currency.
c)services, unlike goods, can be exported freely.
d)there are very few things that the currency cannot buy in a foreign market.
Huntington advice that the emerging global economy will rising be faced with violent clashes between civilizations. Describe what Huntington means by the term civilization and explain why such clashes may be expected.
An increase in government spending or An equal decrease in taxes if consumer confidence is lower than the previous month.
Describe the roles of financial institutions in the global economy and discuss how the financial services industry is likely to change over next decade.
Describe how a firm in a Monopoly market maximizes its profits and minimizes its losses in the short term and in the long term. Can a Monopoly make a profit in the long term?
A salvage value of $23,000 was realized when the process was discontinued after 8 years. What rate of return did the company make on the process?
Assume that we have Ricardian equivalence. This implies that consumption depends on ex- pected lifetime income and that individuals understand the governmentís intertemporal budget restriction. B) How is private consumption today affected.
Provide an example of the price discrimination for good or service which you thought it to unfair. Do you still believe that the discrimination is unjustifiable.
The particular index that you will compare to the Thumbtack measure is Forbes-overall . You are to include your index along with the five X variables suggested by the authors of the report of the Thumbtack survey.
Find an expression for average costs (AC) and average variable costs (AVC). Graph them together with marginal costs and find the firm's short run supply curve. Is the whole curve relevant to the long run?
Explain the difference between the demand curve facing the monopoly firm and demand curve facing the perfectly competitive firm.
Students fascinated with your explanation and eager to learn more, ask about the shape of the demand and supply curve in each industry. Provide a demand and supply graph for each industry to explain. Label equilibrium price and quantity.
if the government wanted to use a food tax in order to significantly reduce the quantity of sweet and sugary drinks we consume, this could be accomploshed with a relatively small food tax on these drinks if: demand was elastic, demand was inelast..
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