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What is economic freedom and why is it important for economic growth? Go online and find an estimate of the current US GDP growth rate. A simple Google search such as 'US GDP First Quarter 2016' or 'US gdp growth' will get you started. How does the US growth rate compare to the growth rate in other countries? What besides economic freedom explains these differences?
What is the difference between a movement along and shift of the demand curve? Let us consider the demand for DVDs. What will cause a movement along the demand curve for DVDs and what will cause the demand curve for DVDs to shift? How will the curve ..
In the article on China holding $3 trillion in dollars, for every dollar it holds in reserves, it prints
A firm with market power faces the demand function q=4000-40p. The firm's total cost function is TC(q)=10q+.001q^2+1000. Demonstrate that the single price monopolist's profit maximizing choice of price and ouput also maximizes producer surpulus. Iden..
The multiplier effect of a change in government purchases Consider a hypothetical closed economy in which households spend $0.70 of each additional dollar they earn and save the remaining $0.30. The marginal propensity to consume (MPC) for this econo..
Elucidate, with the aid of demand and supply curves, the impact of increased crime on the demand for private security services. On your diagram, show the changes in the equillibrium price and quantity.
Explain in detail the important aspects and why those aspects occur for optimum currency areas: geographical factor mobility; intra- and inter-industry factor mobility; price and wage flexibility; degree of openness; and product diversification.
A land development company is considering the purchase of earth-moving equipment. The equipment will have a first cost of $190,000 and a salvage value of $70000 when the company sells it in 10 years. how many days per year must the company need the e..
Compare and contrast the production function for a product and a service. You should base your discussion on specific industry examples (i.e., automobiles or dishwashers or frozen pizzas are examples of products and tax preparation services or legal..
What is strategic planning and why it is crucial to an organization’s survival? In your response, and how strategic planning differs from strategic management?
Plywood is used in the construction of houses. If the price of plywood rises, what happens to the supply of houses
A rise in the price of a smoothie from? $2 to? $3 results in a decrease in the quantity of smoothies demanded from 220 million to 180 million a day and at? today's price of a? muffin, $1.50, the quantity of muffins demanded increases from 80 million ..
An energy company orders metric tons of liquid natural gas that is used at the rate of 1,000,000 metric tons per year. Delivery lead time has averaged 8 days. What is the economic order quantity (in metric tons)? What is the total holding cost for th..
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