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Q. Due to the global economic slowdown, we were benefiting from relatively low oil prices. But because of the instability of the Middle East we are seeing oil prices rise. And when the economy fully recovers, you can expect the price of gas to keep rising.
One of the key principles of economics is the law of comparative advantage. With the recent oil spill in the Gulf of Mexico, I want you to see yourself as an economic advisor to the U.S. Congress and the president, and present your advice as to what they should do or not do. Support your argument with economic principles.
Explain how much shelter can she buy if she purchases 2 units of food.
What is the equivalent annual worth of costs for the website over a total of 6 years at an interest rate of 12% per year.
Explain how would you conclusion vary for winter months, if bad weather formulate it likely for traffic jams on the highway to increase to 6 days per month.
If the bank compounds interest yearly, explain how much will you have in your account on January 1, 2015
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
What is the marginal revenue product of hiring one low-skilled worker to clear woodland for one month.
Elucidate the common kinked-demand model. In the oligopolist's marginal-revenue curve, elucidate the reason for gap. In this model explain how does price rigidity in oligopoly.
Carefully explain the concept of the reaction function in duopoly analysis.
Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.
The Federal Reserve Bank of St. Louis maintains a Web page devoted to international economic trends.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
The ending of company prepayments balance is expected to be the same as its beginning prepayments balance.
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