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For this assignment you need to identify and describe three differences between macroeconomics and microeconomics. For each of the three examples, give one of the following to help illustrate the difference between microeconomics and macroeconomics: the type of question that an economist might ask in macroeconomics as opposed to microeconomics, the data that might be collected by a macroeconomist, the type of decision that must be made at a macroeconomic level. A good essay would have at least 100 words for each part of this assignment (at least 300 words total)
Give a detailed explanation about how the engineer's income generation as described above affects GDP and GNP of U.S.
Assume that the nation is not large enough to affect the world price. Illustrate the effects of a tariff on imports.
Have no effect on equilibrium price and quantity. Reduce quantity demanded, but not shift demand curve. Which of following is unique to capitalist ideology.
Choose any two of the numerous Great Society programs that were initiated ruing the 1960s; explain the intent of those two programs. Then, give a substantiated assessment (-.gov sources work well for this) of how successful those programs have been i..
The natural environment poses a problem for economic theory. Even if we accept, for the sake of argument, that the free market serves employer and employee, buyer and seller, equally, the environment may be harmed by market transactions.
q. i choose a sweater at the price of 12 in the past month. describe how each of the 4 factors contributed to the
Using short-run cost theory, explain the impact of this additional patient on the SAVC and SATC. Do they increase or decrease.
Explain how the market for corn would be affected if ethanol, a corn derivative, was used to fuel cars in the united States. How would the market be effected if new technology cause corn farming to be more efficient.
q1. a clinic uses doctors also nurses to serve the maximum number of patients given a limited annual payroll. the
elucidate how many units of fish could it now consume along with the 80 units of imported wheat.
q. in class we discussed the idea that small farmers are sometimes price takers i.e. the price of wheat are set in the
Write a 2-3 page paper addressing the following: 1. Describe the general characteristics of oligopolies. 2. Describe the economic characteristics unique to the airlines.
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