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City Hotel is a 5 star hotel offering a family staycation for just $90 per night over the long weekend. Given the fantastic offer, they received more responses than expected. Due to human error, 650 bookings were accepted and confirmed when they only have 500 rooms available for that weekend. On check-in day, the hotel lobby becomes chaotic as 150 stranded families are demanding that the hotel honour their booking. You are the Duty Manager on that day when you discovered the error and facing a crowd of angry customers. Discuss.
Please find an example of an export subsidy, then summarize the country, product, industry (or even the company) to which this subsidy applies. Do you agree or disagree with the subsidy?
Economic Growth - Comment on Economic growth in Australia during the last 5 years and its effects on the society. (both positive and negative).
Discuss the changing economic variables in China that influenced McDonald's expansion strategies.
What are the effects on the aggregate demand and aggregate supply curves? What are the effects of taxes and regulations on business formation
Derive the expression for the steady state capital and output per capita from the 5 basice quations. - Suppose A = 10, α = 1/3, d = 0.1, s = 0.2, n = 10%. Compute the steady state level ofoutput and capital per capita.
You have been assigned to determine whether the economy is experiencing a credit crunch. What patterns in movements in the federal funds rate, the volume of bank lending, and the volume of short-term lending in financial markets will you look for
during the period there has on several occasions been implemented important labor market policy interventions. what
Sunrise Surf Corporation is considering to create 35 surfboards in a month if it can sell each board for $400. If it can receive $700 for each board, the company is willing to create 75 surfboards.
When analyzing the income-adjustment mechanism, one must account for the foreign repercussion effect. Explain.
Continuing from the previous question, find nominal GDP for the United States in 2008 (you can find it elsewhere on the BEA site). Use this information along.
Question 1: What is your opinion about America running a budget deficit? Should America have a national debt?
What role do property rights play in creating common property resources? Why are common property resources subject to market failure due to nonexcludability?
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