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How do you think regression results and arc elasticity measures can be used to derive measures of elasticity, which can then be used to estimate demand?
Explain how to construct and interpret a Lorenz curve for the distribution of income and wealth; discuss the factors that explain the distribution of income in the US and compare and contrast income inequality in US with other countries.
France exports about 18 percent of its GDP, neighbouring Belgium exports 46 percent. What areas of economic policy are likely to be affected by such variations in exports?
Can the government make things worse by intervening in markets? Are there other options outside the markets and government that will fix macroeconomic failure?
The Wall Street Journal recession probability tracker shows the likelihood that the US will enter a recession in the coming 12 month between 0 to 75 percent, the widest range since the Great Recession, despite the average likelihood trending downward..
There is an upcoming concert in the local town hall. Unfortunately, we can only have 6 youths in this performance.
A recent report on GDP growth rates showed that the GDP of Dorada, a developed economy, has declined this year. Emily George and her friend Tabitha, Jude, both students of economics, are discussing the possible reasons for the decline in the growth r..
A manager of a local monopoly estimates elasticity of demand for its product is constant and equal to -2 Marginal cost is constant at 15 per unit. A. express marginal revenue as a function of price B. Determine the profit maximizing price.
uppose that, for a host of reasons, part of the world suddenly becomes more uncertain (think of wars, political instability, economic crises, etc.). Refer to this group of more uncertain countries as UC. Analyze the effect of this increase in uncerta..
The lifetime of transistors in an electronic equipment is exponentially distributed with mean of 5 months.
"Neoclassical theory explains the distribution of income in capitalist economies as a reflection of (i) what individuals desire, (ii) what they bring to product
Explain the main differences between demand-pull inflation and cost-push inflation. Analyze the differences between cost-push inflation and built-in inflation. Does the official unemployment rate understate the “true” degree of unemployment in the Un..
How can the Consumer Price Index help businesses manage cost?
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