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Question 1: In April and May of 2022, the world price of oil increased in price significantly. The province of Alberta is a significant oil producer. Discuss this development regarding the economic factors below.
Question 2: Determine the effects of this change on Canada :
A concept that implies that the firm should consider issues such as protecting the consumer, paying fair wages, maintaining fair hiring practices, supporting education, and considering environmental issues.
What are the causes of market failure, or when and why do markets fail to provide a socially optimal allocation? Explain & give examples of four types of market failure.
Assume that there are 2-states that do not trade, Iowa and Nebraska. Each state manufacture the similar two goods: corn and wheat.
Alusaf has an 11% cost of capital, What aluminum price would you need for the Hillside project to have a positive net present value (NPV)?
suppose a consumer has 150 to spend on food and clothing. food costs 4 per unit and clothing costs 5 per unit. the
If the actual output is seven billion and the potential output is eight billion, then this economy has a(n);budget deficit OR trade deficit OR inflationary gap OR recessionary gap.
Economic policy recommendations for monetary policy, fiscal policy and growth policy - justify your chosen policies in an understandable manner, with the use of economic theory.
In what ways is the trade between countries increasing? Is trade good or bad for US? What is alternative to trade? What kind of lifestyle will the US have then?
Gather information on the current status of the economy (cite it). What direction is the nation's economy heading? What are the major issues and challenges?
If the nominal GDP is $559 billion in the base year, and it rises to 577 in Year 1, and 605 in Year 2, what is the real GDP in each year, given that the price index has risen from 100 to 104.5 in the first year and up to 108.3 in the second year?
Below are supply and demand schedules for calzones at a local pizzeria. Use the information in these tables to answer the following five questions.
Based on the table, what calculations must you make to determine GNP from GDP?
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