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For those 50 or older, membership in AARP, formerly known as the American Association of Retired Persons, brings numerous discounts for health insurance, hotels, auto rentals, shopping, travel planning, etc. Use the marginal profit concept to explain why vendors seek out bargain-priced business with AARP members.
Discuss contributions of competing and dominant school of thought to evolution of labour economics; mention paradigm differences and distinctions between old labour economics and new labour economics.
Elucidate how an economist could utilize the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter.
The Department of Public Works also Highways (DPWH) is considering the construction of a new highway through a scenic rural area.
Show how each of the following would initially affect a bank's assets and liabilities.
Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company.
Describe why this does not represent a violation of the law of demand. Which of the subsequent best explains illustrate what a forward contract.
With Australia going through a long-lasting drought in the first decade of the 21st century, serious concerns were raised about the possibility of running out of water.
Compare also contrast the four marketplace models in terms of the profit-maximizing.
Explain the statement that "an individual bank has little ability to expand the money supply unless all the other banks expand in step". Does that simply because a conduct of one single bank cannot change the aggregate money supply?
Can you tell whether this firm is in a competitive industry. If so, can you tell whether the industry is in a long-run equilibrium.
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
Describe the international monetary system known as the Bretton Woods system, or the gold exchange standard that existed from the mid 1940s to the early 1970s.
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