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Questions:
The floods in this past spring caused a great deal of damage to dairy farms in the Red River valley in southern Manitoba. Many farms were largely destroyed and homes lost.
Suggest a fiscal policy tool which the Government of Canada could use to aid Manitoba in this situation.
What would the effects be on the Canadian economy if this tool is used?
Discuss any possible risks from the use of this tool.
Suppose the demand curve for a monopolist is Q=12-P and the marginal cost for the monopolist is MC=Q. What is the profit maximizing quantity and price for the monopoly - Calculate the profit of monopoly and deadweight loss
Consider the 2-period environment from class.The economy is populated by two types of agents A and B. There is an equalnumber (N) of each type. The agents have preferences which incorporate impatience.
a. At first, only a few people use the service. What type of good is this and why b. Eventually, as more people find out about the service and start using it, the speed of the connection begins to fall. Now what type of a good is the wireless inte..
What is the most pertinent macroeconomic problem Pakistan faces? Can it be solved?
What are the types of unemployment and which is worse and why? What type of unemployment are we going to see in a year?
Neoclassical economists believed that market economies were self-adjusting and concluded that prolonged recessions were an impossibility.
Important differences exist between perfect competition and oligopoly. Show your understanding of these differences by listing the following terms under either "Perfect Competition" or "Oligopoly" in the table below.
We are constantly hearing about mass exodus of jobs in other countries (phone service, computer services, sales). Use the concept of comparative advantages to explain why this is occuring. Also, explain how the U.S. beneits more in the long run from ..
Explain why is it important for a country to calculate their GDP and release this information to the public.
ECO 210 Northern Virginia Community College observation that a well-intended government policy leads to a negative unintended consequences
Explain the effects of EU membership on national labour markets, paying particular attention to the issue of labour migration.
Share 1 experiences where you experienced consumer surplus. (you paid less than you otherwise would have been willing to pay). Also share your thoughts on why the surplus happened, in other words why did you think you would pay more than you did.
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