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Policies and economic changes affecting consumption have far-reaching consequences on people and the state of an economy. Answer the following questions:
a) What will happen to consumption (present or future) if interest rate goes up?
b) How effective government policy can be with regard to changing interest rate or taxes?
c) Economic impact of having strong and supportive social security in old age on saving behavior of people within various countries?
From each pair of goods, pick the good for which demand will most likely be more elastic:
How does price control, taxes, and elasticity impact changes in supply, demand and equilibrium prices?
Discuss monetary policy and its effect on macroeconomic factors such as GDP, unemployment, inflation, and interest rates
What was the original intent behind rent control? Why did voters in Boston decide to eliminate rent control?
The following historical data describe monthly purchase by an average farm family:
Are the following workers more likely to experience short-term orlong-term unemployment and explain:
Develop a 10-12 slide presentation on GMOs that is suitable for a senior audience (including references within the presentation as well as a separate references slide per APA guidelines).
Consideration is a concept devised by English common law, and is required for simple contracts, but not for special contracts?
What UK professions are likely to experience increased opportunities on the Continent as a result of the 1992 measures aimed at 'freeing the labor market?
1. Jack Sprat can eat no fat, his wife can eat no lean." Construct an Edgeworth box diagram for this pair (assuming fixed quantities of "fat" and "lean") and indicate the contract curve.
David, a retailer, bought stock with a total list price of £7,500 and was allowed a trade discount of 15%.
Compute the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices increase.
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