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Let's assume that in Nicaragua inflation increased from an annual rate of 21 percent in 2000 to 20,000 percent in 2011. Disregarding the many other challenges that face the businesses of Nicaragua, and considering only the effects of this unexpected inflation, which of the following is most harmed by the inflation?
Banking and the Money Supply
How would retail sales affect the country's GDP and what else might you predict (that could affect GDP) to increase based on retail sales increasing?
When the CR = 80%, is the market efficient when the market behavior follows the price leadership model?
Why might Fourth of July fireworks be considered a public good? Who should pay for them?
The following income and cross price elasticities of demand were calculated for various goods. Classify if each good as superior, inferior, normal, substitudes or compliments. Explain and show your work to get full credit.
Write a summary (500-750 words) to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data.
Explain what happens to price and quantity of milk when the following events occur (you do not need to analyze the event itself but rather determine the effect of the event on supply and demand of milk):
Normal 0 false false false EN-US X-NONE X-NONE An investment of $5000 in B..
1. Define Efficiency Pareto optimality. One issue that economists have is that in a sense people's preferences can change over time. Some of this may involve neurologicalbiological changes which economics hasn't dealt much with. But lots of the cha..
Draw the production possibilities curve for automobiles and breakfast cereal, and explain how the concept of trade-off could be applied.
Suppose a tax per unit output (per-unit tax) is imposed on the production of Q with the intent of making equal the market level of output and the socially efficient level. How high should that per-unit tax be? What is the gain in net social benefi..
What are the most important featuresof a market economic system? Which of the following statements are correct regarding hours of work and income?
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