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Determine what are economic decisions made in tradition, command and market economies and what are the pros and cons of each? Do any of these systems completely solve all economic problems? What kind of economic system does Canada have? Why are the words economies gravitating towards market systems?
Suppose elasticity is -2,price is $10, and marginal cost is $8, should you raise or lower price?
Assume demand shifts out to the right by 10 percent, the elasticity demand is 1.5 and the elasticity of supply is .5, By how much will price change.
Assume that you're a member of the Board of Governors of Federal Reserve System. The economy is experiencing a sharp decline into a recessionary phase of the business cycle.
According to Jeffrey Sachs, Illustrate kinds of development assistance can make a difference in Africa, and what role does he anticipate for the developed world.
Discuss the use of Gross Domestic Policy (GDP) to measure the business cycle. Discuss the roles of government bodies which determine national fiscal policies.
Effects on the exchange rate among the British pound and the Japanese yen.
Illustrate the difference among dollarization, a currency board, and a fixed exchange rate regime. Do you know of any countries that have recently adopted dollarization.
Explain how each of the following would cause the yield curve to shift if between now and next year:
Suppose Acme decides that instead of cutting the wholesale price of the CD players it will offer a $50 rebate to the consumer (that is, the wholesale price is $200.
Explain when is equilibrium achieved in the foreign exchange market. Why is foreign exchange hedging beneficial to an organization.
Assume the basis for the trends in consumption patterns as discussed in the article. Discuss what has occurred to change the demand for, or the supply.
Which of the following is the best example of a monopolistic competitor? Firms in a monopolistically competitive industry produce:
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