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What are the differences between microeconomics and macroeconomics?
What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.
Would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision?
Would you give an example of how a macroeconomic phenomenon has impacted a personal or business decision of yours? In the end, what was the result of your decision?
Expansion and contraction are commonly utilize terms in economics and the media.
Define in general the term "internalize the externality" and explain its application in this case. Discuss a policy other than a tax or subidy that could cause individuals to internalize the externality. Explain briefly.
Illustrate and explain the interaction of households, businesses, government and global markets in the circular flow of economic activity.
Draw a correctly labeled loanable funds graph that shows what happens to real interest rates.
Illustrate the difference in the price elasticity of demand for an individual firm in a perfectly competitive industry as compared with a monopolist.
how much juice will the costumer purchase in a perticular month. What is the elasticity of demand for juice.
In a few weeks Professor Smith will be taking his daughter Attilla to the State Fair. Calculate the Marginal Rate of Substitution (MRS).
Illustrate what would you expect to happen to the total expenditures on good X.
Describe this mean that the area affected by the natural disaster has experienced economic growthIllustrate what are the seen effects and what are the unseen effects.
Assume government imposed a minimum wage above what otherwise would be the equilibrium wage rate for this segment.
Provide each of the subsiquent price elasticities, determine whether marginal revenue is positive, negative, or zero.
Elucidate how banks and individuals can use "covered interest arbitrage" to protect themselves when they make international financial investments.
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