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Describe the role of a country"s central bank and the tools that a central bank can use to control the money supply, and explain how a central bank can use monetary tools to implement monetary policy.
In a situation in which a gift certificate leads a consumer to purchase a greater quantity of an inferior good than he or she would consume if given a cash gift of equal value. Is this always the case
Explain why is it important for a country to calculate their GDP and release this information to the public.
What output level does the paint company choose? 2. What is the socially optimal level of output? 3. Describe a possible Coasian solution to the externality problem. 4. What corrective tax could the government set to achieve the socially optimal leve..
If there are internal economies of scale, why would it ever make sense for a firm to produce the same good in more than one production facility Explain why trade liberalisation has the same effect on an economy as an increase.
Beasley World Industries has a division that makes air conditioners. They face a three-year deadline to eliminate their current technology due to the chilling technique they use. There is a near-term solution that may be done (1) and a longer-te..
A man reports to the emergency room complaining of shortness of breath, chest pain radiating down his arm, is diaphoretic and has a positive smoking history as well as a positive family history for cardiovascular disease.
Elucidate the difference among a monopoly and an oligopoly, the welfare effects of monopoly, cost advantages that create monopolies, government actions that create monopolies, and government actions that reduce market power.
Create another diagram; once again start from an initial macroeconomic equilibrium. Explain both the SR and LR impact of a contractionary AS shock on Y. Use the appropriate diagrams and provide a brief real world example of this type of shock.
If you are the chief economist of a country experiencing high unemployment and flat GDP, what macroeconomic policies might you enact in response to these economic conditions? How would you expect these policy changes to impact the economy?
Suppose voter A perfers candidate 1 to 2 to 3 to 4 (where there are 4 candidates). Show that all actions that consist of voting for up to three candidates and not skipping a lower numbered candidate are not weakly dominated (voting for 1 only, vo..
At the management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns". Is this statement correct? If so, why? If not, explain why no..
Illustrate what do you think are the prospects for reducing global climate-changing emissions. Be sure to address these points.
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