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In three to four paragraphs
Find the US economic growth rate and trends over the past 30 years. Compare these findings to the same data for China and India. Write a paragraph to summarize your findings and comment on what explains the variation in these data. Report your source in APA or MLA format.
What effect each of the following events would have on LRAS? Would LRAS shift left, right or no effect? Explain why.
It would have to pay science teachers $90,000 to hire good science teachers. If one out of five teachers is a science teacher, what is the marginal expense of getting a good science teacher instead of a poor one?
An emissions fee is paid to the government, whereas an injurer, who issued and held liable, pays damages directly to the party harmed by an externality. What differences in the behavior of victims might you expect to arise under these two arrange..
Show the changes in the demand for tourism as income of a tourist grows when tourism is perceived to be, (a)normal good, (b)superior good, and(c) inferior good. Analyse the demand for tourism overtime using intertemporal analysis.
Write a few pages where you explain why forms of government in Europe (and America) changed around the same time mercantilism collapsed and the new market economies emerged. Must economic forms determine government forms?
Suppose you are the main negotiator between your company and retailers carrying your company's line of dairy products. Your company is attempting to introduce a new brand of Greek yogurt, and it is your responsibility to negotiate agreement between y..
“If a central bank decides to accommodate an adverse supply shock, it will intensify the inflationary effects.” Comment on this statement with the help of an AD-AS diagram.
How does monetary and fiscal policy affect aggregate demand?
How has the advent of the modern corporation changed the likelihood that a firm's primary goal is to maximize profit? What other considerations have gained importance and may have replaced profit maximization as the primary goal of the corporation? C..
Discuss the classification of types of goods in terms of rivalry and excludability. For what type of goods do we have the free-rider problem? The tragedy of the commons? Provide explanations for both.
Given the problem with gasoline prices that we faced not so long back, do you think the government should have intervened and imposed a price ceiling? What would have been the economic effects of this? Discuss the pros and cons, but remember to keep ..
The marginal costs suffered by the monopolist when it supplies the first 10 units of its product are, respectively, 1, 2, 3, 5, 7, 9, 11, 14, 17 and 20 dollars per product unit. What is the value of the highest Total Producer's Surplus that the mo..
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