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Economic growth rates vary greatly from country to country. Look at the experiences of the United States, Japan, Ethiopia, and China over the last twenty years.
Find the average growth rate for each country over that period.
What are some of the differences between those countries that have led to their different growth rates?
Identify at least two important and distinct government policies for each country that has helped lead to their unique experience.
How does the adoption of a tighter monetary policy, like that conducted by Volcker Fed in the early 1980's affect output, inflation, and the real interest rate in the short run? In the Long run?
A market is initally served by a monopoly firm 'A' with demand given by Q=400-P, and marginal costs given by MC=100. Find the monopoly price and quantitty. Now, a new firm 'B' enters the market, and takes A's initial output as given. Find A's profit ..
Explain why governments place higher tax rates on products such as petrol and cigarettes - Examine the impacts of rationing on a certain consumer good.
Explain the relationship between the economic concept of diminishing marginal productivity and the principle of increasing marginal costs?
Which of the following are likely to increase the value of the firm, based on the shareholders wealth-maximization model?
How is the Price in a Monopoly (Pm(1 + 1/E(P)) = MC(D(Pm)) greater than the Price in a Competitive Market (Pc = MC(D(Pc)), assuming the demand function is downward sloping and that MC(Quantity) is non-decreasing?
Suppose the US. is experiencing a recession:
Determinants of Income Differences. Identify one of the determinants of income differences as enumerated in Chapter 30 which you have personally observed or desire to research. Be certain to tell us what you believe was the most significant ec..
what effect should each of the following have on the demand for gasoline in a competitive market? state what happens
It is estimated that the U.S. financial crisis of 2008 led to a loss of $7 trillion in the real estate industry due to the decline in housing prices. The stock market decline brought another $11 trillion in losses, and retirement accounts lost $3.4 t..
Determine the market structure in which the low-calorie food company operates and analyze short-run and long-run production and cost functions.
What are the types of circumstances under which price discrimination violates antitrust? Use the handout to illustrate your answer (examples included in Section 15.5 – Antitrust: Price Discrimination and the Robinson-Patman Act).
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