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Assignment: Answer with a 200 word paragraph for each question in different pages. use citations from the book Macroeconomics 11 ed by William a. mceachern and other two macroeconomic books of your choice. be sure to ad a reference page as well.
- Some economist believe that in order to really understand macroeconomics, you must first understand microeconomics. How does microeconomics relates to macroeconomics?
- What is the law of demand? Give two examples of how you have observe the law of demand at work in the "real world." How is the law of demand related to the demand curve?
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Does your experience accurately illustrate the term you chose? Do you clearly define the term within your paper? Are there spelling or grammatical mistakes?
Select a product or service you use on a regular basis and discuss how the price you pay for that product or service is the result of a market economy. Discuss how the determination of the price for that same product or service would be set in a c..
Derive the short-run cost function - Derive the total surplus and briefly explain how and why the prices differ under different market structures.
Is lemons problem more severe for bonds issued by democratic governments or dictatorships? Explain. Rich people often worry that others will seek to marry them only for their money. Is this a problem of adverse selection? Explain
A project to deepen the river by dredging would reduce the damages for both families.The deeper the dredging, the less the damages.The marginal benefits to each family are given in the table. Plot each family's demand curve for the project. Calcul..
Many environmentalists, or general members of the public, are horrified by the notion of marketable pollution permits. They argue that big corporations should not be able to buy the right to pollute the environment. Make the counter-argument.
This problem works through the task of graphing short-run and long-run cost curves that will look different from those we have graphed in class.
It has been argued that the appreciation of the yen against the dollar in the early 1990s did not have the anticipated effect on U.S. imports from Japan partly.
In the earlier beekeeper, farmer, and writer example, show that it is impossible to find a payment by the writer that induces the beekeeper and farmer.
Both Viacom and Paramount owned a diverse group of entertainment business. QVC was a televised shopping channel. The Paramount board of directors accepted a merger offer from Viacom at a price of $69 per share. QVC and Viacom then entered a biddin..
This week we are looking at industries. For example, automobiles are a product produced collective by firms in the auto industry.
Assume an initial exchange rate of A$1=Yen100, and then show numerically how a strengthening $A (assume the exchange rate becomes A$1 = Yen 200), other things equal, is bad for Australian car manufacturing firms.
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