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Provide the definition of GDP (This is not a typo, you can't get out of a Macro course without having the definition of GDP down pat).
Find a symmetric Nash equilibrium to this game. That is, what number is a best response to everyone else submitting the same number? Show that choosing the number 5 is a dominated strategy. What are all of the dominated strategies?
In the final round of a TV game show, contestants have a chance to increase their current winnings of $1 million to $2 million. If they are wrong
These forecasts for the Internet creating “perfectly competitive” markets were based on the competitive model we have presented in this chapter. Do you think the Internet has helped create more competitive markets or less? Why?
What is an aggregate production function? A change in what factor or factors cause a movement along the aggregate production function? A change in what factor or factors shifts the aggregate production function?
A temporary group of employees responsible for bringing about a particular change is a
what combination of monetary and fiscal policy should they choose? Use a graph, and be sure to identify the effects of each policy.
What programs do they have to educate the local population and the visiting tourists? What is the park or site doing to give back to the community?
The recent merger of US Air with American Airlines received both national and local attention. The U.S. Department of Justice contested the merger on the basis that it would produce harmful monopoly-like behavior in many airline markets. Develop an a..
Perfect competition is sometimes described as the ideal market structure. Why does P=MR=MC=AR=D for a perfectly competitive firm?
q.suppose there are two types of men and two types of women goodbad and assume further that same-sex marriage is not
Land is a resource that has largely been misused and taken for granted. Land is continually improperly utilized. Obviously, the supply of land is fixed. Because of this fact, economists refer to land as producing economic rent. Why is the proper use ..
Compare the functionality of flowcharts and pseudocode. Describe the advantages and disadvantages of each. Which do you think is preferable?
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