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Assignment:
Include its effect on Macro-economic variables eg Unemployment, Balance of Payments
Application to a real life scenario
Analysis of the outcomes
Evaluation of the results
There are 168 hours in a week. Of these, about 60 hours will go to sleeping (more or less). That leaves 108 hours for which we have a choice in terms of how we will spend that time. Let’s assume that we will spend the 108 hours in either work or leis..
Solve for the elasticity of demand as a function of the market price. Draw this function for P [1/3, 2/3]. Suppose a (small) sales tax is imposed on potatoes. Would the burden of the tax fall mostly on consumers, mostly on producers, approximate..
Draw the IS-curve. What is formula for the slope of the IS-curve, Δr/ΔY? If e = 0, draw the investment curve and the IS-curve. What does this imply? How is the slope of the IS-curve affected as e increases
What will be the effect slowing Chinese economy on the economy of Canada and the Canadian dollar? Use the DD/AA model to explain and graph your answers
An accident has occurred, causing $10,000 in harm to the victim. The amount of harm done is undisputed and easy to prove; punitive damages are not applicable, so any damage award would be for exactly $10,000.
How to apply Expectancy theory to real life situations? Can you explain expand on expectancy theory with the movie Office space and how petter reacts?
What are the three types of unemployment? Unemployment is seen by some as undesirable. Are all three types of unemployment undesirable?
The Hanover Manufacturing Company believes that the demand curve for its product is P = 5 - Q-Evaluate the wisdom of the firm's pricing policy
1) Why are Cost Minimization and Profit Maximization on paper the same but in application different 2) What are movie subsidies and why are they more inefficient than other government aided investment 3) Why do Green laws undermine the idea of deflat..
Since the end of World War II, manufacturing firms in the United States and in Europe have been moving farther and farther outside of central cities. At the same time, firms in finance, insurance, and other parts of the service sector have been lo..
Consider a small landscaping company run by Mr. Viemeister. He is considering increasing his firm’s capacity. If he adds one more worker, the firm’s total monthly revenue will increase from $50,000 to $58,000. If he adds one more tractor.
In your view, what will happen to the South African economy if the government decides to promote industrial growth by cutting taxes on imported heavy machines?
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