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The central bank is rensponsible for the management of monetary policy.
What is the major tool of monetary policy, and how would it operate in the context of a tight money policy?
Illustrate the difference among the law of diminishing marginal returns and the law of diminishing marginal rate of technical substitution.
A potential control for managing risk of employee fraud is to send employees on mandatory vacations. Describe the relation of that control with payroll function.
Illustrate what are the pros and cons of switching to a market for kidneys. Currently, people can volunteer to donate one of their two kidneys, and getting a kidney is dependent upon your need and prognosis and sometimes having a relative who is a..
Summarize an article using at least three economic terms and theories covered in class. Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s). Draw a supply and demand graph to explain this chan..
Assume now that there is an increase in demand for the good produced in this market. Market has once again adjusted to long-run equilibrium.
a.) Lisa consumes only pizzas (P) and burritos (B). Her utility function is U=P^0.5 B^0.5. The price per pizza is $10 and the price per Burrito is $5. In equilibrium, Lisa consumes 4 pizzas. Using Lisa's utility function, calculate how many b..
Pick a real-life rm that bundles products in some way. Describe how this pricing function is a form of price discrimination; in other words, why do some consumers effectively "pay more" for a particular product than other consumers do? Why is it a..
A possible international monetary regime consists of a world central bank conducting monetary policy and issuing a single currency used throughout the world. Elucidate what would the advantages and disadvantages of such a system be.
Suppose that you are a government official in charge of your country's fiscal policy. The country maintains a flexible exchange rate system. You are asked by your country's citizens to use fiscal policy alone to expand the country's..
Describe the Soviet Rapid Development Model
Explain the effectiveness of the exchange rate regime being used in terms of achieving macroeconomics objectively in South Africa and discuss any four macroeconomics objectives which can be used to judge the performance of the economy.
Suppose that market for tradable emissions permits by power plants has been operating efficiently for several years. An engineering company then invents a lower cost device for pollution abatement.
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