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Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service.
Describe the local economy's stage in the business cycle.
Describe how current credit market conditions affect your planning or operating decision for your good or service.
No more than 2100 words (in addition to the 1400 word paper completed in week four, an additional three pages at most is needed)
Determine the price elasticity, and income elasticity of demand and where Q denotes passengers in thousands per year, P the (average) ticket price, and I US national income.
Suppose a special tax was introduced that used the value of one's automobile as the tax base. Each person would pay taxes equal to 10 percent of the value of his or her car. What distortions do you think would appear in the economy if such a tax w..
Impact of Black-Money inclusion on inflation and money supply? Assumption is government confiscates unaccounted black-money from economy and spend that on projects.
If you had a business exporting goods to Britain, and U.S. inflation fell as discussed above in this example, would you plan to expand production or cut back? Why?
How does the U.S. department of agriculture calculate the official poverty level? What government assistance programs does the census bureau consider when calculating household income? What programs are ignored?
State and explain the law of diminishing marginal utility and do the same for the law of diminishing returns and identify and explain two similarities and two differences between these two laws.
When choosing between bundles of beer and pizza, I always look first at the amount of pizza and choose the bundle with the largest amount of pizza. If any two bundles have the same amount of pizza
suppose that you lend 1000 to a friend and your friend pay you back 1100 the nnext year.suppose the price that year
monetary contraction suppose the central bank wants to decrease the price level but the economy is already at the
How government intervention in the form of a tax on producers can make the post-policy outcomes even worse than the pre-policy position and explain the underlying economic logic of this proposition.
What is the shutdown point? Give an example. How is the short-run defined in the production process? Please provide references if applicable.
Write down everything you would require durint your preparation for the debate.your preparation should include graphs and formulas.
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