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How does an economy achieve macroeconomic equilibrium? What affect does a high level of inflation have on macroeconomic equilibrium?
Tariff and non tariff barriers exist in all nations, either independently or as part of a multicountry integrated economy. Present arguments that defend the use of trade barriers and arguments against the use of trade barriers.
what is current investment according to the Classical economists? Suppose consumption falls by $500 billion what will happen to savings and investment according to the classical economists?
Assume an airline flying on the Charlotile - Chicago route has estimated the demand curves for three different types of customers: business
Using the economic concepts that explain differences in wages, discuss any three of the following points.* Why does a chief executive earn more than a rocket scientist working for NASA * Why does a teacher earn less than a firefighter
Discuss the major barriers to entry into an industry.explain how each barrier can foster either monopoly or oligopoly.which barriers , if any do you feel give rise to monopoly that is socially justifiable?
Immigration is a major topic of concern in today's economy. What are the possible problems and solutions for these concerns? What could happen to the U.S. labor markets if immigration is not controlled?
Explain how can federal government spending crowd out private sector investment and consumption.
the development of a new product was much lengthier and more expensive than the company's management anticipated. Consequently, the firm's top accountant and financial managers argue that the firm should raise the price of the product
Given an imperfectly competitive firm in the output market where: P = P(Q) = price function where: P' 0, C'' > 0. (a) State the firm's profit function in terms of Q. (b) Find the F.O.C. that maximizes profits at Q*. (c) Interpret the F.O.C.
For an unknown reason, aliens kidnapped all immigrants residing in the US. One morning America wakes up and finds that the only people left in the country are American citizens, while all legal and illegal immigrants are gone.
According to the Solow growth model, how would a permanent increase in energy prices affect capital per worker and consumption per worker in the long run (that is in the steady state) Explain using a graph. b. In an endogenous growth model
What is the opportunity cost of going to a doctor to be examined for skin cancer? Would eliminating research reduce or increase the cost of U.S. health care?
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