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(i) Critically examine the effectiveness of various approaches that may be used to reduce macroeconomic instability. Your answer should identify and show an understanding of the various policies that a country's government and/or central bank may use to achieve generally accepted macroeconomic goals. You are also encouraged to suggest your own ideas as to what should be done to more effectively attain desired macroeconomic goals. In your answer, you should explicitly identify macroeconomic goals that governments generally pursue. Are these the most important or do you think governments should aim to achieve other goals?
(You are encouraged to make use of aggregate demand/aggregate supply analysis.)
(ii) Some people (especially economists) argue in favor of international free trade while others favor protectionism. Critically examine who gains and who loses from free trade and protectionism. Overall do you think that international free trade is a good idea?
1 examine the history of immigration to the united states from the cape verde islands. how did the immigration to the
1. fit-to-a-tee a price-taking t-shirt design shop has a schedule of total fixed costs total variable costs total
a profit-maximizing monopoly faces an inverse demand function described by the equation py 50 - y and its total costs
Show the country's production possibility curve.
Henry, a resident of Nevada, sued Adam, a resident of Utah in the Federal Court in California. He sought $60,000 damages for personal injuries arising from an automobile accident that occurred in Los Angeles, California. Does the Federal Court hav..
A museum increases its admission price by 10 percent. As a result, total revenues increase by 10 percent. the price elasticity of demand for admission is?
Your civil engineering consulting firm is going to purchase a new computer-aided design (CAD) system at a cost of $100,000. The CAD system will have no salvage value at the end of its useful life of 5 years.
Suppose you are the manager of a watch making firm operating in a competitive market. Your cost of production is given by C = 200 + 2q2, where q is the level of output and C is total cost. (The marginal cost of production is 4q; the fixed cost is $20..
As in part A there is a 50% chance the share market crashes. If John maximises expected utility, what value of ß should he choose?
A firm uses two plants (A and B) to produce the product. The plant's marginal cost functions are given by the following equations:
The Future 2055 The U.S. economy is at full employment. President North West is spending billions of dollars on military equipment in the U.S. He is also attempting to carry out his promise to put a man on Mars by the end of the decade. He is cons..
Calculate the elasticity of demand for good X with respect to advertising on good X. Interpret your answer. Can you tell whether the firm is spending too much or too little on advertising?
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