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Suppose that Australia and New Zealand have agreed to create a currency union with a new single currency called ANZAC (and sacrifice their own domestic currency). Assuming that this decision is irreversible, discuss the policy implications. You may discuss from a single country's point of view(either Australia or New Zealand). You must also address briefly any social and/or cultural factors and their implications.
As a project manager would you prefer to work in the Program Management Office (PMO) environment? Why, or why not?
Events like hurricane Katrina have revealed the extent of poverty in modern America. What does poverty in the United States look like over the last 200 years? What are the root causes of poverty? How have people reacted to poverty? How has the govern..
She estimates her fixed costs to be $4000 per month, and the cost per car wash at $10. Find the monthly number of car washes she needs to break even.
there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased.
Janet Elliot just turned 20 and received a gift of $20,000 from her rich uncle. Janet plans ahead and would like to retire on her 55th birthday. She thinks she'll need about 1$million saved by that time in order maintain her modest lifestyle. assume ..
Gina Picaretto is production manager at the Rich Manufacturing Company. Each year her unit buys up to 100,000 machine parts from Bhagat Incorporated. Is the increase more likely to be justified in the short run or the long run?
1. In a monopolistically competitive market, can firms earn economic profit in the short-run and in the long run? Explain.
Suppose the production function for a firm is given by: q=4L0.5K0.25. In the short run, the firm has 16 unitsof capital.
How would a coffee bean shortage in South America impact the equilibrium price and quantity demanded of coffee? What would happen to the equilibrium price and quantity demanded of tea and the equilibrium price and quantity demanded of sugar?
Market that gives auctions, request for quote postings, and other features to firms that want to operate their own marketplace.
Trace through the effects a minimum wage might be expected to have, for two cases: the demand for output produced by workers is perfectly elastic. the demand for output is not perfectly elastic
The demand in Japan for gasoline is inelastic and therefore not very sensitive to market prices. Given that, describe the effect of each of the following on thequantity demanded or the demand for gasoline in Japan. Indicate whether the effect of each..
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