Explain the defend classical economics

Assignment Help Business Economics
Reference no: EM133078680

Classical economics has been criticized for being overly micro-focused and failing to effectively handle aggregate economic activity. How would you respond to this criticism if you were attempting to defend classical economics?

Reference no: EM133078680

Questions Cloud

Why does netflix have backward vertical integration : Why does Netflix have backward vertical integration for producing its own shows, but not forward vertical integration with internet service provision?
Explain challenges globalization : Identify and explain THREE (3) challenges that Globalization, with illustrating examples, poses to Turks and Caicos Islands.
Determining the higher interest rate : Consider Sally and Bob. They both live for two periods and have the same stream of income, Y1 in the first period and Y2 in the second period. However, given th
Calculating the market risk premium : In an efficient market, shares in the wine exporting company A are traded. According to your statistical analysis, the stock has an expected return of 13.33% an
Explain the defend classical economics : Classical economics has been criticized for being overly micro-focused and failing to effectively handle aggregate economic activity. How would you respond to t
What is blue olive optimal production level : The market for olive oil is highly competitive with thousands of producers competing against each other. These producers have virtually no control over prices a
Find the natural rate of unemployment : a. Students will analyze trends in inflation and unemployment and means such as core inflations or the natural rate of unemployment using data from the Bureau o
Find the least-cost way to meet the requirements : Using Excel QM:The management of the Executive Furniture Corporation decided to expand the production capacity at its Des Moines factory and to cut back the pro
Developing management programmes : Can you suggest ways in which private corporate organisation can also be involved in developing management programmes along with sewa for rural people

Reviews

Write a Review

Business Economics Questions & Answers

  What type of fraud is regina committing

Regina has finally landed her dream job at Abercroanie & Fetch. After just a couple of days on the job, we find out why. What type of fraud is Regina committing? How could her employer detect this kind of fraud?

  How does this influence pricing decisions

Explain why the demand for the good or service provided by the organization you work for is elastic or inelastic. How does this influence pricing decisions?

  Globalization impacting income and employment in the develop

1. How does one see the global economy and globalization impacting income and employment in the developed world? What is the justification?

  Designing a network topology

You are the network manager of a company that has grown from 20 employees to 200 employees in 12 months.

  Has the uno appreciated or depreciated

How many Uno’s does it currently take to purchase 1 unit of FX in Country 1's FX market? Has the Uno appreciated or depreciated? What is the new value of Country 1's real exchange rate (R)? Show your calculations to obtain full credit.

  Illustrate what is the basic objective of monetary policy

Illustrate what is the basic objective of monetary policy. What are the major strengths of the monetary policy. Why is monetary policy easier to conduct than fiscal policy in a highly divided national political environment.

  Grocery store purchases are included in gdp

Joe and Jim purchase vegetables at a grocery store, but Jim also grows vegetables in his back yard. Only Joe’s grocery store purchases are included in GDP. Only Joe’s and Jim’s grocery store purchases are included in GDP.

  How would you generate the estimated increase

If nothing is done to bend the cost curve what is the percentage of GDP estimated to be in 2030 and how will that impact us as a society? Additional comments: how would you generate the estimated increase? How would you figure out how this would impa..

  Enrollment variance and utilization variance

Determine the enrollment variance for the month.Determine the utilization variance for the month.Determine the efficiency variance for the month.

  Exports increased dramatically

In the last years of the 1980s exports increased dramatically. The effects on the U.S. economy include, ceteris paribus,

  Regarding the taxpayers charitable deduction for artwork

An individual donates artwork to San Francisco General Hospital. This was the only charitable contribution the taxpayer makes during the year. The artwork was purchased several years ago for $50,000; it is worth $140,000 at the time of the donation. ..

  If indifference curves are convex to the origin

If indifference curves are convex to the origin, then a. More is preferred to less b. Willingness to trade one good for the other is constant regardless of how much you have of each good c. Averages are preferred to extremes d. None of the above

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd