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Suppose that prisons historically have required prisoners to perform, without pay, various cleaning and food preparation jobs within the prison. Now, suppose that prisoners are offered paid work in factory jobs within the prison walls and that the cleaning and food preparation tasks are now performed by nonprisoners hired to do them. Would you see any differences in the technologies used to perform the tasks of cleaning and food preparation?
Describe whether capital generated in the industrialized countries is finding its way to the less-developed.
Use the following information to answer the questions. Compute real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow?
Assume that the economic news is not good and businesses become pessimistic about the future. How would this change in attitude affect the investment demand curve and the impact on real GDP.
Assume there are 3-firms with the same individual demand function. This function is Q = 1,000 - 40P. Assume each firm has a different cost function.
Elucidate how OPEC would determine the price of oil and the level of output produced by the cartel. How would OPEC's price and output be affected by new discoveries of oil.
Exchange and markets, Demand supply and market equilibrium
Elucidate tools are used to accomplish conscious fiscal policy.
Each of the following headlines describes an event that will have an effect on desired aggregate expenditure
An increase in credit card fees causes people to use credit cards less often for transactions and demand more money. (a) Using a correctly labeled graph of the money market, show how the nominal interest rate will be affected.
Draw the aggregate demand and aggregate supply diagram four years from now provided your policy recommendations are undertaken.
Based on the above graph, answer the following questions for a monopoly and a perfectly competitive firm. A. For the monopolist: i. Profit maximizing output = ii. ATC = iii. AR = iv. Price = v. Total Revenue = vi. Total Cost = vii. Profit = GE273
Select a U.S. multinational company. In terms of currency denomination, discuss how the firm prices its revenues and costs.
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